Xos Trucks

What Xos Trucks does

Xos, Inc. (NASDAQ: XOS) is a publicly traded manufacturer of battery-electric commercial vehicles and mobile energy storage systems, founded in 2016 by Dakota Semler and Giordano Sordoni and headquartered in Los Angeles, California with production operations in Byrdstown, Tennessee. The company's product portfolio spans Class 5–8 electric trucks (MDXT and HDXT platforms), a "Powered by Xos" OEM powertrain business anchored by an active program with Blue Bird Corporation for electric school buses, and mobile/stationary energy storage systems (Xos Hub in 210/420/630 kWh configurations and the Power Hub series from 1.2–4 MWh). Underlying technology includes the proprietary X-Pack LFP battery system, X-Platform modular chassis, Xosphere cloud-based fleet management SaaS, and Vehicle-to-Grid capability entering production on school bus platforms in April 2026.

Xos monetizes primarily through one-time hardware sales of vehicles, powertrains, and energy storage systems, supplemented by a freemium Xosphere SaaS subscription tier. Pricing spans $99,000 for a Class 6 strip chassis (2026 model year) to $158,000+ for a 210 kWh Xos Hub unit and $3M+ for multi-unit enterprise fleet orders. The go-to-market is enterprise field sales targeting commercial fleet operators, municipal governments, utilities, OEMs, and — newly — AI data centers; channel engagement is reinforced through industry events (ACT Expo, GFX), content marketing, and direct customer references including FedEx ISPs, UPS, Loomis, Cintas, Waymo, Caltrans, Duke Energy, Xcel Energy, and Blue Bird. FY2025 revenue was $46 million (down from $56 million in FY2024), with Q1 2026 revenue of $11.2 million (+89.8% YoY), a record 38.6% gross margin, and the company's first year of positive free cash flow ($5.4 million).

Name

Xos Trucks

Legal name

Xos, Inc.

Website

https://xostrucks.com

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

101–250 employees

Short description

Xos (NASDAQ: XOS) manufactures battery-electric Class 5–8 commercial vehicles, mobile and stationary energy storage systems, and fleet management software, selling directly to commercial fleet operators, municipal governments, utilities, OEMs, and AI data center operators across North America and select international markets.

Ownership category

akta.pro rank

Product category

Commercial Electric Vehicles and Mobile Energy Storage

NAICS

Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Motor Vehicle Transmission and Power Train Parts Manufacturing (33635), Battery Manufacturing (33591)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells) (IMACABAK)

akta.pro secondary industries

Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Bidirectional Charging Hardware (Onboard/Offboard Chargers, Inverters, EVSE) (EUAFAMAC)

Keywords

• Electric commercial vehicles
• Mobile energy storage
• Fleet electrification
• Battery electric trucks
• Commercial EV charging

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Electric Commercial Vehicle Sales: Xos generates primary revenue through the sale of battery-electric commercial vehicles including Class 5-8 trucks, step vans, and electric school bus powertrains. Vehicles are sold directly to fleet operators with pricing for chassis starting at $99,000.
2. Powered by Xos Powertrain Systems: Sale of electric powertrain systems to OEM manufacturers for integration into their vehicles. The company reports nearly 100 powertrain orders since Q2 2025 with active programs including Blue Bird Corporation school buses.
3. Xos Hub Mobile Energy Storage Systems: Sale of mobile energy storage and charging units available in 210, 420, and 630 kWh configurations, priced starting at approximately $158,000 for the 210 kWh model. Follow-on orders from fleet operators provide recurring revenue opportunities.
4. Power Hub Stationary Energy Storage: Factory-integrated containerized energy storage systems for data centers and industrial facilities, ranging from 1.2 MWh to 4 MWh capacity, targeting the rapidly growing mobile energy storage market projected to grow from $58 billion in 2025 to $156 billion by 2032.
5. Xosphere Fleet Management Software: Cloud-based SaaS platform providing fleet management, telematics, predictive maintenance, and charging management. Offers a free tier for evaluation and testing, with paid service tiers for full commercial use.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Xos designs, manufactures, and sells battery-electric Class 5-8 commercial vehicles (HDXT heavy-duty trucks and MDXT medium-duty trucks/step vans), along with the Xos Hub mobile energy storage and DC fast charging system and the Xos Power Hub stationary containerized energy storage for data centers and mission-critical facilities. The company also sells Powered by Xos electric powertrain systems to OEMs and offers the Xosphere cloud-based fleet management SaaS platform, all built on proprietary X-Pack battery and X-Platform modular chassis technology.

Product overview

Xos Trucks is a battery-electric fleet solutions provider offering an integrated ecosystem of commercial electric vehicles, mobile energy storage, and fleet management software. The product portfolio centers on the Xos Hub/Charger Hub mobile energy storage and charging system and the Xos Power Hub behind-the-meter energy storage for data centers, alongside Class 5-8 battery-electric trucks (HDXT, MDXT) and the Powered by Xos powertrain solutions for OEM integration. These products are supported by the Xosphere cloud-based fleet management platform and built on proprietary X-Pack batteries and X-Platform modular chassis. The company acquired ElectraMeccanica Vehicles (EMV) in March 2024, adding the SOLO electric vehicle to its lineup.

Differentiator

Problem solved

Functional benefit

Products and services

• Xos Hub / Charger Hub Mobile energy storage and DC fast charging system providing dispatchable EV fleet charging without utility upgrades or grid interconnection timelines. Available in 210, 420, and 630 kWh configurations starting at approximately $158,000 for the 210 kWh model.
• Xos Power Hub Series Factory-integrated, containerized behind-the-meter battery energy storage and hybrid power system scaling from 1.2 MWh to 4 MWh capacity, designed for rapid deployment at AI data centers and mission-critical facilities in days rather than the 3-7 years typical for grid interconnection.
• MDXT (Medium Duty Xos Truck) Class 5-6 medium-duty battery-electric truck and step van designed for demanding commercial and government fleet operations. 2026 model starts at $99,000 with LFP battery providing 120-200 miles of range.
• HDXT (Heavy Duty Xos Truck) Class 8 battery-electric truck for heavy-duty commercial fleet operations including regional haul, port drayage, and last-mile delivery applications.
• Powered by Xos Electric powertrain systems sold to OEM manufacturers for integration into their vehicles, integrating proprietary X-Pack battery technology. Nearly 100 powertrain orders received since Q2 2025 with active programs including Blue Bird Corporation electric school buses.
• Xosphere Fleet Management SaaS Cloud-based fleet management software platform enabling monitoring, management, and optimization of vehicles, infrastructure, and fleet data. Includes telematics, preventative maintenance alerts, driver behavior monitoring, safety analysis, charger data, service history, and predictive maintenance capabilities. Available with a free tier for testing and evaluation plus paid commercial service tiers.
• Vehicle-to-Grid (V2G) Capability Bidirectional charging capability integrated into commercial fleet vehicles, initially rolled out on electric school bus platforms in April 2026. Enables fleet operators to discharge stored energy back to the grid during peak demand, creating a revenue stream through grid energy sales and reduced peak demand charges.

Quantifiable outcome

• 38.6% gross margin in Q1 2026, up from 20.6% year-over-year
• +5 more outcomes

Named customers10 records

Segments8 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Six partnerships are on record, tiered flagship and core.

• U.S. Air Force Global Strike CommandflagshipStrategic or Co-development Partner · 13 May 2026Selected as one of 17 finalists from a nationwide pool of applicants for the 2026 Air Force Global Strike Command Commercial Capabilities Showcase. Xos conducted live outdoor demonstration of Charger Hub mobile EV charging solution, positioning the company for potential government and defense fleet electrification contracts.
• Windrose TechnologycoreStrategic or Co-development Partner · 5 September 2025Strategic partnership to deliver Xos Hub mobile charging solution to Windrose fleet operators across the United States and international markets including Canada, Mexico, and Australia. Windrose manufactures long-range electric Class 8 trucks, and the partnership enables charging deployment in days instead of years by combining Windrose's electric trucks with Xos's portable 630 kWh charging units capable of delivering up to 300 kilowatts.
• Blue Bird CorporationcoreStrategic or Co-development PartnerActive OEM partnership for Powered by Xos powertrain integration into Blue Bird electric school buses. The company reports nearly 100 powertrain orders since Q2 2025, with Q1 2026 including delivery of 63 powertrains for Blue Bird school buses. Partnership represents a key growth vector as school districts electrify their fleets.
• CaltransflagshipTechnology or IntegrationXos Hub mobile energy storage system deployed with Caltrans for highway transportation infrastructure. Represents a flagship customer reference for government fleet applications.
• Duke EnergyflagshipTechnology or IntegrationXos Hub mobile energy storage solutions deployed with Duke Energy for utility grid support applications. Validates technology for utility sector deployments.
• Xcel EnergyflagshipTechnology or IntegrationXos Hub mobile energy storage solutions deployed with Xcel Energy for utility operations. Another key utility sector partnership validating the technology platform.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Lightning eMotors: Lightning eMotors designs and manufactures battery-electric medium- and heavy-duty commercial vehicles (Class 3-7) and charging solutions, directly competing with Xos in the fleet electrification market with a similar vehicle + energy storage platform approach.
• Workhorse Group: Workhorse builds battery-electric medium-duty step vans, Class 3-5 trucks, and last-mile delivery vehicles — a near-identical product profile to Xos's MDXT and step van offerings, and one of Xos's most direct competitors for fleet electrification contracts.
• Rivian: Rivian's Electric Delivery Van (EDV) program, anchored by the Amazon order, places it as a direct competitor in the battery-electric last-mile delivery van category where Xos also competes via FedEx, UPS, and other parcel fleet customers.
• GreenPower Motor Company: GreenPower manufactures all-electric medium- and heavy-duty vehicles including school buses, transit buses, and commercial trucks — directly comparable to Xos's Class 5-8 trucks and powertrain supply into Blue Bird school buses.

Emerging players

• Hyliion Holdings: Hyliion develops electric and natural gas powertrain solutions for Class 8 trucks, overlapping with Xos's 'Powered by Xos' OEM powertrain integration strategy in the commercial vehicle electrification space.

Broad incumbents

• Daimler Truck: Daimler Truck's Mercedes-Benz eActros, Freightliner eM2, and eCascadia product lines target the same Class 6-8 commercial EV segments as Xos, but with substantially larger manufacturing scale, global dealer networks, and incumbent fleet relationships.
• Volvo Trucks: Volvo Trucks offers the Volvo VNR Electric Class 8 truck and Mack LR Electric, competing head-to-head with Xos HDXT in heavy-duty fleet applications while leveraging Volvo Group's broader commercial vehicle platform and dealer infrastructure.
• Tesla (Semi): Tesla's Class 8 Semi directly competes with Xos HDXT in the heavy-duty electric truck market, with Tesla's capital base, battery manufacturing scale, and brand recognition representing a major incumbency threat for fleet RFP wins.

Others

• Blue Bird Corporation: Blue Bird is both Xos's largest OEM powertrain customer (nearly 100 orders since Q2 2025) and a direct competitor in the electric school bus space, creating a partner-competitor dynamic central to Xos's growth thesis.
• Fluence Energy: Fluence Energy is a leading grid-scale battery energy storage system integrator competing for the same behind-the-meter and data center power opportunities that Xos targets with its Power Hub series, though Fluence operates at significantly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights3 records

Customer concentration

• Xx.com/xostrucks
• Facebookfacebook.com/XosTrucks
• LinkedInlinkedin.com/company/xostrucks

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds7 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xos Trucks