426 million yuan! Motiv financing the development of chassis technology to transform fuel vehicles into electric vehicles

Posted 2025-12-15 00:00:00 +0000 UTC

According to foreign media reports, although the adoption rate of electric vehicles in the field of passenger vehicles is growing slowly, large-scale and medium-sized commercial truck fleets show the potential to realize electrification in the short term. For fleet operators, this method can save a lot of fuel and maintenance costs, and achieve zero emissions. Motiv power systems is a company dedicated to vehicle electrification. (photo source: motiv power systems) on October 15 local time, motiv power systems, headquartered in San Francisco Bay area, announced that it had raised 60 million US dollars (about 426 million yuan) in a new round of equity financing. Motiv power systems is a company that provides chassis for medium-sized buses and trucks, turning mass-produced vehicles into powered vehicles. The round B financing is led by Colorado based gmag holding company and Iowa based RV manufacturer Winnebago. Motiv power systems said it will continue to develop products with new financing funds, making the cost of commercial electric vehicles equal to the cost of fossil fuel vehicles. Motiv will also use some of the new funds to build an engineering and manufacturing center in Detroit, enabling motiv, based in California, to be closer to customers and manufacturing partners in the region. Motiv will also continue to focus on the development of the market, popularizing electric vehicles throughout the transportation industry. Last year, motiv introduced the epic chassis, the electric powered intelligent chassis. The chassis is very complete, can be used in the body, and is pure electric, and the chassis used in today's internal combustion engine team is equivalent. The epic chassis series uses motiv's proprietary operating software and power electronics, and is compatible with the E-450 Super Duty platform of the Ford Motor Company and the f59 commercial truck platform. The car manufacturer (BMW) is providing motiv with the batteries needed to turn a regular vehicle into an electric vehicle. Motiv's epic E-450 conversion kit also includes a 106 kwh battery pack and a 150 kW motor with a horsepower of up to 200, which can achieve a pure electric range of about 100 miles. The platform also has the level II charging capacity, which can fully charge half of the vehicle's battery in two hours, and it takes eight hours to fully charge. Motiv's transformation of Ford vehicles into electric vehicles has been approved by Ford's vehicle transformation qualification plan (QVM). To obtain QVM approval, the company needs to successfully pass Ford's approval assessment, including engineering, manufacturing process, quality control and other assessments, as well as comply with all applicable federal motor vehicle safety standards while complying with Ford's QVM rules Standards)。 Motiv has engineering knowledge and support from Ford to ensure it can safely and reliably turn a vehicle into an electric vehicle. Moreover, motiv's epic pure electric chassis solution can be applied to a variety of Ford medium-sized commercial trucks, including multi station trucks, vans, shuttle buses and work trucks. As a manufacturer certified by Ford eqvm, motiv also cooperates with Detroit custom chassis, a first-class supplier of Ford, to optimize the production requirements of epic chassis, so that it can seamlessly join the production line of Ford's internal combustion engine vehicle chassis. For the fleet with diesel and gasoline vehicles, epic architecture can eliminate vehicle emissions 100%, while significantly reducing operation and maintenance costs. In addition, turning the vehicle into an electric vehicle can create a healthier environment for drivers and the community, while reducing driver fatigue. Motiv said that its epic platform can reduce fuel costs by up to 85% and maintenance costs by 66%, making the acceleration and climbing performance of the modified electric vehicle comparable to that of the existing internal combustion engine vehicle. In addition, epic can also realize wireless software update so as to add new functions at any time. In 2012, motiv received funding from the California Energy Commission to research and build its prototype power system manufacturing facilities and convert commercial mass production vehicles into electric vehicles. In the same year, motiv won its first contract, and Chicago asked the company to turn 20 garbage trucks into electric garbage trucks. At present, vehicles with motiv's epic chassis have driven 750000 miles in total. Motiv's customers also include the U.S. Postal Service (USPS) and the city of mountain view, California, home of the technology giant's headquarters.

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