WattEV to expand fleet of HD electric trucks to over 180 - Automobility
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WattEV to expand fleet of HD electric trucks to over 180

WattEV, a leading developer of charging infrastructure for medium and heavy-duty electric trucks, announced a major fleet expansion at the Advanced Clean Transportation (ACT) Expo. The company plans to grow its current fleet of 36 battery-electric trucks to over 180 by the end of this year, following the expansion of its charging depots to five locations.

CEO Salim Youssefzadeh revealed that WattEV will receive the first batch of 53 zero-emission trucks in June from TEC Equipment, a dealer for Volvo’s VNR Electric. This partnership with TEC Equipment, a key supplier of electric heavy-duty trucks in California, will strengthen WattEV’s leadership in heavy-duty freight electrification.

With the expansion to 89 trucks, WattEV is set to take delivery of an additional 100 trucks from various original equipment manufacturers (OEMs), increasing its fleet to 189 Class 8 battery-electric trucks. This would position WattEV as the largest operator among current electric commercial fleet operators.

WattEV’s charging facilities are designed to transition from the current CCS charging standard to the new fast MCS charging, anticipating this industry evolution. The company’s trucks will be deployed through its Truck-as-a-Service (TaaS) operations and charged at its expanding public rapid-charge depot network, now including five locations in California.

WattEV has demonstrated that the necessary infrastructure and power for heavy-duty truck transport with megawatt charging are available and scalable. With the right price point, fast-charging capability, and sufficient range, the company is confident that market adoption will increase rapidly.

Automobility Ltd is excited that its EXCELerate portfolio company WattEV is taking a significant step forward in enabling transporters to transition to zero-emission trucking by rapidly expanding its fleet and charging infrastructure, reinforcing its position as a leader in the electrification of heavy-duty freight.

Please contact us at [email protected] if you would like further information on this startup or to learn more about other Auto & Mobility investment opportunities from our EXCELerate opportunity pipeline.


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