XL Fleet Launches XL Grid Division

Dec. 2, 2020

XL Fleet announced that it has entered into a partnership with a commercial EVSE (electric vehicle supply equipment) supplier to begin the launch of its XL Grid division. XL Grid will provide charging infrastructure, energy storage, and power solutions for electrified fleets. XL Fleet customers can now purchase XL Grid charging systems separately or as part of an order for vehicles with the company’s electrified powertrain. 

XL Fleet has over 200 fleet customers across the U.S. and Canada and expects they will require at least 100,000 charging stations in the next several years based on their growing demand for electric vehicles. XL Fleet intends to continue expanding its XL Grid division to meet these energy demands. XL Grid will provide an innovative array of software, hardware, and strategic partnerships to power a complete Electrification as a Service solution.

XL Fleet remains on track to complete its previously announced merger with Pivotal Investment Corporation II (NYSE: PIC), a publicly traded special purpose acquisition company, in December 2020. Upon closing, the combined company will be named XL Fleet Corp.