Waev

What Waev does

Waev Inc. is a privately-held U.S. manufacturer of low-speed electric vehicles (LSVs), founded in 2021 by five former Polaris leaders who acquired the GEM, Taylor-Dunn, and Tiger businesses from Polaris. Headquartered and manufactured at a single Anaheim, California facility, Waev operates four product brands — GEM (street-legal passenger and utility LSVs, since 1998), Taylor-Dunn (industrial utility vehicles and tow tractors, since 1949), Tiger (heavy-duty aviation and ground support tow tractors up to 60,000 lb capacity, since 1981), and Fusion (a 2025-launched line of competitively priced lithium-ion commercial carts and LSVs). The portfolio collectively spans people moving, utility, ground support, EMS, ADA-compliant mobility, and HVAC-equipped applications, with proprietary LiFePO4 battery technology (7-year warranty, 3.5x life vs. AGM), flexible 110V–240V charging including J1772 EVSE compatibility, and factory-integrated partner systems (Dometic HVAC, Tommy Gate liftgate, QTAC EMS, Driverge WAV builds).

Waev sells primarily through a 200+ authorized U.S. dealer network with mobile service capabilities, plus government cooperative purchasing contracts (Sourcewell, Texas BuyBoard, GSA, DLA HEPP), BestBuy.com direct-to-consumer for GEM vehicles, and international dealers in Canada, Mexico, and Australia. Revenue is generated through one-time hardware sales of vehicles, aftermarket parts and service through the dealer network, and a multi-year replacement battery stream. Customer segments are diversified across aviation/ground support, college and corporate campuses, municipalities, industrial/commercial operations, and individual consumers. The company has no disclosed venture funding, parent company, or revenue figures, and is led by CEO Keith Simon with a four-person disclosed leadership team.

Name

Waev

Legal name

Waev Inc.

Website

https://waevinc.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

101–250 employees

Short description

Waev is a privately-held U.S. manufacturer of low-speed electric vehicles operating the legacy GEM, Taylor-Dunn, Tiger, and Fusion brands from Anaheim, California, serving commercial fleets, government, industrial, aviation, campus, and consumer customers through a 200+ dealer network and government procurement contracts.

Ownership category

akta.pro rank

Headquarters

HQ city

Anaheim

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Vehicle Sales: Sale of low-speed electric vehicles including GEM, Taylor-Dunn, Tiger, and Fusion product lines. Revenue from both commercial fleet sales and direct-to-consumer sales through BestBuy.com.
2. Aftermarket Parts and Service: Revenue from service support, maintenance, and parts sales through dealer network. Factory sales consultants provide post-sales support across full product portfolio.
3. Lithium-Ion Battery Replacement: Sale of replacement lithium-ion batteries with 7-year warranty coverage. Long-lasting batteries last 3.5x life vs AGM, creating replacement revenue stream over vehicle lifecycle.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Waev designs, manufactures, and distributes low-speed electric vehicles under four brands—GEM for neighborhood and consumer use, Taylor-Dunn for industrial burden carriers and utility vehicles, Tiger for heavy-duty commercial utility applications, and Fusion for specialty industrial vehicles. Its products serve commercial fleets, government and municipal customers, industrial facilities, and individual consumers seeking street-legal or campus-licensed electric mobility solutions.

Product overview

Waev Inc. is a low-speed electric vehicle manufacturer with more than 150 years of legacy, offering a comprehensive portfolio of four brands: GEM (low-speed vehicles for street-legal people moving and utility), Taylor-Dunn (industrial utility vehicles and tow tractors), Tiger (heavy-duty tow tractors for aviation ground support), and Fusion (lithium-ion carts and low-speed vehicles for commercial customers). The portfolio supports local commercial, government, and industrial fleets across aviation, campus, and municipality industries, with vehicles ranging from 2-8 passenger LSVs to heavy-duty tow tractors with up to 60,000 lb towing capacity. Products are sold through dealer networks, government procurement contracts (Sourcewell, GSA, DLA HEPP), and direct channels. The company provides world-class service and support through hundreds of commercial and industrial dealer locations.

Differentiator

Problem solved

Functional benefit

Brands

• GEM: Low-speed vehicles (LSVs) purpose built for street-legal people moving and utility applications since 1998. First commercially-produced street-legal LSV in the U.S.
• Taylor-Dunn
• Tiger
• Fusion

Products and services

• GEM neighborhood electric vehicles

Quantifiable outcome

• GEM lithium-ion batteries last 3.5x longer than AGM, saving up to $15,000 in replacement costs over seven years
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature7 records

Partnerships

Eleven partnerships are on record, tiered core, major and strategic.

• ABC CompaniescoreChannel Partner/ Reseller/ Distributor · 7 May 2026ABC Companies partners with Waev to add GEM low-speed electric vehicles to its portfolio, expanding beyond motorcoaches and shuttles into first-mile/last-mile connectivity and on-property transportation. Partnership leverages ABC Companies' established distribution and service network across North America.
• Tommy GatecoreTechnology or Integration · 29 April 2026Tommy Gate provides G2 Series hydraulic liftgate for Taylor-Dunn Bigfoot XL Industrial Liftgate Truck. The second-generation dual-cylinder parallel-arm liftgate offers up to 42 inches of vertical travel and 500 lb lift capacity, factory-integrated for ground-to-deck cargo handling.
• MTECH, Inc. (QTAC)coreTechnology or Integration · 10 July 2025QTAC provides EMS skids for the GEM Ambulance, including secure patient transport via longboard, stokes basket or stretcher, attendant seating, and optional O2 bottle and IV mounts. PolyTough construction provides rugged performance.
• Briggs Equipment Inc.majorChannel Partner/ Reseller/ Distributor · 10 July 2025Authorized Fusion dealer covering Florida, Texas, Louisiana, Georgia, Alabama. Part of dealer network providing mobile technicians and outbound sales professionals for commercial, industrial, and government markets.
• Pape Material Handling IncmajorChannel Partner/ Reseller/ Distributor · 10 July 2025Authorized Fusion dealer covering California, Oregon, Washington, Hawaii, Montana, Nevada, Arizona. Dealer network provides mobile service and local delivery capabilities.
• Eastern Lift Truck Co., Inc.majorChannel Partner/ Reseller/ Distributor · 10 July 2025Authorized Fusion dealer covering NJ, NY, Washington D.C., Pennsylvania, Maryland, Delaware.
• Toromont Material HandlingmajorChannel Partner/ Reseller/ Distributor · 10 July 2025Authorized Fusion dealer covering Saskatchewan, Manitoba, Ontario, Quebec, Newfoundland, Labrador, Canada.
• Warequip SolutionsmajorChannel Partner/ Reseller/ Distributor · 10 July 2025Authorized Fusion dealer covering Australia, expanding international distribution network.
• DometiccoreTechnology or Integration · 24 June 2025Dometic partnered with Waev to equip GEM HVAC models with a 2,000W DC-powered 12V RTX AC system. The same technology trusted by millions of professional truck operators worldwide, factory-integrated into GEM vehicles.
• Driverge Vehicle InnovationscoreStrategic or Co-development Partner · 19 June 2025Driverge Vehicle Innovations partnered with Waev to engineer the GEM Wheelchair Accessible Vehicle (WAV), the first fully enclosed low-speed electric vehicle with ADA compliance. Driverge is one of the U.S.'s leading builders of WAVs.
• U.S. International Trade AdministrationstrategicGTM or Marketing Partner · 11 November 2024ITA supported U.S. manufacturers like GEM and Waev to provide clean energy technology solutions globally at UN COP29 climate conference, supporting U.S. jobs and positioning the U.S. as a global leader in clean energy technology.

Scale indicators5 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• Polaris Inc. Former parent company of GEM, Taylor-Dunn, and Tiger before divesting them to Waev in 2021. Continues to operate adjacent commercial, off-road, and powersports lines and is the most direct historical comparator for Waev's product portfolio.
• BYD: Global EV leader with broad commercial-vehicle portfolio including buses, trucks, and electric industrial equipment. Comparable in commercial-fleet electrification mission, with significantly greater scale and geographic reach than Waev.

Direct peers

• Club Car: Privately held by Platinum Equity, Club Car manufactures golf cars, LSVs, and personal transport vehicles — directly competing with GEM and Fusion in the street-legal LSV category for commercial and consumer buyers.
• E-Z-GO (Textron): Textron subsidiary producing golf cars and LSVs under the E-Z-GO brand. Direct competitor to GEM in personal-use and commercial LSV markets with a deep dealer footprint.
• Cushman (Textron): Textron-owned brand of utility and industrial burden carriers, personnel carriers, and tow tractors. Direct competitor to Taylor-Dunn in industrial, warehouse, and material-handling applications.

Emerging players

• AYRO Inc. Small-cap public company designing and manufacturing low-speed electric vehicles for commercial and consumer use. Directly comparable product positioning to GEM and Fusion, with overlapping target verticals such as last-mile delivery and campus mobility.
• GreenPower Motor Company: Public electric vehicle manufacturer producing commercial vehicles including shuttle buses and delivery vans. Comparable in pursuing commercial-fleet electrification, though focused on heavier-duty categories than Waev's LSVs.
• Xos Trucks: Public electric commercial vehicle manufacturer focused on medium- and heavy-duty trucks for last-mile delivery and fleet applications. Comparable fleet-customer overlap though serving a higher vehicle class.
• Workhorse Group: Public company developing electric delivery vehicles and drone delivery systems targeting last-mile commercial fleets. Similar commercial-fleet electrification thesis though focused on Class 2-6 step vans.
• Arcimoto: Public company producing three-wheeled electric vehicles for local mobility and utility use cases. Tangential overlap with Waev's consumer LSV thesis though operating at much smaller scale and with a different vehicle architecture.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCWOfFGotv2ENPd6Nta1iHgw
• LinkedInlinkedin.com/company/waevco

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Waev