Motiv Power Systems, maker of the EPIC all-electric chassis for buses and trucks, has secured $60 million in equity funding, led by investors GMAG Holdings and Winnebago. The funds will support the overall growth of Motiv, which includes opening a new engineering and manufacturing facility in Detroit and facilitating further growth in the large-fleet customer segment.
In 2018, Winnebago struck a deal with Motiv to use its e-chassis in an electric RV designed for commercial use, with the promise to financially invest in Motiv at a later date. Motiv hopes that establishing operations in Detroit will strengthen its Midwest presence, bring it closer to regional customers, and enable manufacturing growth through partners.