Endera, a manufacturer of commercial electric vehicles, has secured $49m funding to boost its production capacity and accelerate its growth in the American electric bus market.
This funding round comprises a $36m equity investment led by Magnetar, with participation from Pulse Fund and Pritchard Auto Company, as well as a $13m credit facility.
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The investment will enable Endera to enhance its manufacturing capabilities and expand its product line to meet the increasing demand for zero-emission specialty vehicles, especially within the government sector.
It will also help create sustainable, clean-energy jobs at Endera’s 250,000ft2 Ohio manufacturing facility, a former Philips plant.
Additionally, Endera’s proprietary fleet management software provides real-time insights tailored to the transit sector, integrating a rider app and streamlined service response into one platform.
Endera CEO and founder John Walsh said: “This investment will support our mission to revolutionise the specialty vehicle industry and accelerate the transition to clean mobility.
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By GlobalData“At a time when America needs to prioritise domestic manufacturing and sustainability, Endera is leading by example—creating jobs, driving economic growth, and providing cost-effective solutions all while advancing American ingenuity.”
As a transportation technology company, Endera is engaged in providing smart electric specialty buses, charging stations, and software solutions.
Its product offerings include customisable internal combustion engine (ICE) and electric shuttles and school buses.
The company’s powertrain delivers what it claims to be the “longest range and fastest charge time available”.
Since acquiring the former Winnebago Metro Titan group in 2021, Endera has increased its production output twentyfold.
Pulse Fund founder & managing partner Tenzin Seldon said: “We see both commercial and climate value in Endera’s vertically integrated approach because it enables them to respond to customer needs with speed and precision.
“By offering a holistic solution, they’re not just filling in gaps in the commercial EV market but solving challenges at every level. We’re excited to support their next phase of growth and contribute to the broader push for nationwide electrification.”
