Evolectric – Fast Track to the Future of Transportation
Our latest LOI for a portfolio company is in Electric Vehicles, fleet trucks.
Although they have not formally joined our team, Seismic has agreed to provide limited
support to Evolectric, a Long Beach, California-based technology firm specializing in
electrified transportation and battery technologies that convert small- and mid-size
gas-powered fleet trucks to Electric Vehicles.
Our investment team believes Evolectric has an important role to play and can
become a leader in clean tech innovation, accelerating EV adoption rates in domestic and emerging markets. The global market for EVs is projected to see massive growth throughout this decade – and Evolectric is primed to make a big splash.