HEVI
- Company typePrivate
- Founded2022
- HeadquartersEast Windsor, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
HEVI firmographics
Firmographics- Name
- HEVI
- Legal name
- HEVI Corp
- Website
- https://gethevi.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
HEVI industry classification
Industry- Product category
- Electric Heavy Construction Equipment
- NAICS
- Construction Machinery Manufacturing (333120), Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (333924), Electrical Equipment, Appliance, and Component Manufacturing (335)
- SIC
- Construction Machinery & Equip (3531), Industrial Trucks, Tractors, Trailors & Stackers (3537), Motors & Generators (3621)
- akta.pro primary industry
- Wheel Loaders (IMAHAAAD)
Keywords
Where HEVI is headquartered
LocationHeadquarters
- HQ city
- East Windsor
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
HEVI business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Electric Heavy Equipment Sales: HEVI generates primary revenue from the sale of all-electric heavy equipment including wheel loaders (GEL-1800, GEL-5000, H55L, H65L), excavators (GEX-8000), forklifts (HL25N, HL30N, HL50N, HLC25T, HLC30T, HLC35T, HPW20N, HPW20LN), and DC chargers (DCH220-10, DCH480-30).
- Extended Service Contracts: Through partnership with Assurant, HEVI offers Extended Service Contracts providing protection beyond the manufacturer's base warranty period for all-electric heavy construction equipment.
- Financing Services: HEVI provides financing options through National Energy Improvement Fund (NEIF) Commercial Energy Finance, including promotional 0% APR financing for up to 36 months on equipment purchases.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | 0% Financing Promotion |
| Unit Pricing | Pay-as-you-go | Equipment Purchase |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels6 records
HEVI product offering
Product offeringCore offering
HEVI Corp manufactures and sells all-electric heavy construction equipment including wheel loaders, wheeled excavators, electric forklifts, and mobile DC chargers. The company also offers Extended Service Contracts through Assurant and GPS/autonomy fleet management integration via Cyngn. Equipment is powered by LFP (LiFePO4) lithium-ion batteries with proprietary thermal management systems and is targeted at construction, municipal, agricultural, port, and waste management operators.
Product overview
HEVI Corp is the first American company to commercially offer all-electric full-size heavy equipment, providing a complete portfolio of lithium-powered industrial machinery for construction, agriculture, waste management, and municipal operations. The product lineup includes four electric wheel loader models (GEL-1800, GEL-5000, H55L, H65L), one electric wheeled excavator (GEX-8000), seven electric forklift models (HL25N, HL30N, HL50N, HLC25T, HLC30T, HLC35T, HPW20N, HPW20LN), and two mobile DC charging solutions (DCH220-10, DCH480-30). All equipment uses LFP (LiFePO4 Lithium Ferrophosphate) battery technology with advanced thermal management systems. Equipment comes standard with Cyngn Infinitracker GPS tracking and integrates with external charging networks (Siemens eMobility, EVGo, Electrify America). HEVI offers direct-to-customer sales with 0% financing options through June 2025, and maintains an Authorized Service Provider network across the Mid-Atlantic region.
Differentiator
Problem solved
Functional benefit
Products and services
- GEL-1800 Electric Wheel Loader
Quantifiable outcome
- 60% noise reduction compared to diesel equipment
- +6 more outcomes
Companies that use HEVI
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles4 records
HEVI technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature7 records
HEVI partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- AssurantcoreAssurant, a Fortune 500 company specializing in automotive and commercial equipment protection, partnered with HEVI to provide Extended Service Contracts for HEVI's all-electric heavy construction equipment. This enables HEVI customers to purchase protection beyond the manufacturer's base warranty period. Both companies cited this as a strategic alignment with shared sustainability goals, with HEVI's CEO stating the partnership should serve as a positive catalyst for increasing sales and building long-term shareholder value.
- CyngncoreHEVI and Cyngn developed technology for electric vehicles including Infinitracker GPS asset tracking utilizing GPS, 5G, and LTE for real-time equipment monitoring, and Enterprise Autonomy Suite (EAS) enabling autonomous, manual, and remotely-controlled modes for HEVI electric forklifts, loaders, and excavators.
- Princeton NuEnergyminorHEVI partnered with Princeton NuEnergy for lithium battery recycling using high-temperature plasma technology to extract valuable materials from spent batteries, contributing to resource conservation and environmental sustainability through a closed-loop manufacturing process.
- Amerit Fleet SolutionscoreAmerit Fleet Solutions is an authorized service provider in HEVI's ASP network, providing nationwide fleet maintenance programs with over 285,000 assets under management, leveraging electric and alternative fuel expertise.
- Quality Truck CentercoreQuality Truck Center, based in Egg Harbor City, New Jersey, is an authorized service provider offering top-quality truck services, maintenance and repair, commercial truck rental, and full-service leasing in the Mid-Atlantic region.
- Correlli IncorporatedcoreCorrelli Incorporated, licensed and insured equipment service provider in Maryland founded in 1999, is an authorized service provider supporting repairs on all makes and models of construction equipment.
- Power Tech Equipment RepaircorePower Tech Equipment Repair in Elkton, MD is an authorized service provider with over 20 years of experience in construction equipment repair, hydraulic repair, and aerial platform repairs.
- Truck and AutocoreTruck and Auto Repair in Farmville, NC is an authorized service provider specializing in maintenance and repair of trucks and automotive vehicles, extending HEVI's service network in North Carolina.
Scale indicators12 records
Recent moves7 records
Expansion highlights7 records
HEVI competitors and assessment
Company assessmentBroad incumbents
- JCB: JCB has been an early mover in electric construction equipment, with the 19C-1E mini-excavator and has publicly demonstrated an electric backhoe loader. Comparable to HEVI as an established OEM targeting electrification of compact heavy equipment.
- BYD: BYD has launched electric forklifts, electric mining trucks (e.g., BYD 90T), and construction equipment with broad global reach. Comparable to HEVI in battery-electric heavy equipment manufacturing, particularly in forklifts, with much larger scale and lower-cost LFP battery supply.
- Bobcat (Doosan Bobcat): Bobcat has launched the S70e electric skid-steer and E10e electric mini-excavator and is actively pursuing electrification of its compact equipment line. Directly comparable to HEVI in the small/medium electric heavy equipment category, with broader product breadth.
- John Deere: John Deere is a major construction and agriculture equipment OEM with a stated electrification roadmap (e.g., battery-electric skid steers and compact track loaders in development). Comparable to HEVI's agricultural and construction customer overlap, with substantially greater R&D and dealer scale.
- Volvo Construction Equipment: Volvo CE has committed to ceasing diesel-only development and is commercializing electric compact wheel loaders and excavators (e.g., L25 Electric, EX03). Comparable to HEVI as a heavy equipment OEM with an electric product roadmap targeting the same construction customer base.
- Komatsu: Komatsu is one of the largest global construction equipment OEMs and has unveiled electric and hybrid prototype machines, including the PC30E-5 electric mini-excavator. Comparable to HEVI as a direct competitor in electric wheel loaders and excavators once products commercialize.
- Caterpillar: Caterpillar is the global incumbent leader in construction and mining equipment and is actively launching battery-electric product lines (e.g., Cat 301.9 electric mini-excavator, Cat 950 GC electric wheel loader prototype). Directly comparable to HEVI as a construction equipment manufacturer, but at vastly greater scale and with a global dealer/service network.
Emerging players
- Lion Electric: Lion Electric is a pure-play commercial EV manufacturer producing electric trucks and school buses. Comparable to HEVI as a North American electric commercial vehicle OEM pursuing fleet electrification, though its product focus is on-road vehicles rather than off-road equipment.
- Polaris (Pro XD and GEM): Polaris offers electric utility and work vehicles (e.g., Pro XD electric, Polaris Ranger EV) targeting commercial, agricultural, and municipal customers. Comparable to HEVI in serving similar electric off-road work vehicle applications for agriculture, municipalities, and ports, though with a different product format.
Others
- Greenland Technologies (parent): Greenland Technologies (NASDAQ: GTCG) is HEVI's publicly traded parent company and an existing industrial equipment and forklift manufacturer in China. Comparable because it shares manufacturing capabilities and corporate infrastructure with HEVI, and operates in adjacent electric forklifts and material handling categories.
Market position
Strengths1 record
Weaknesses1 record
Competitive moat5 records
Key risks1 record
Key highlights7 records
Customer concentration
HEVI social profiles
Digital presenceHEVI financial estimates
Financial estimateRevenue estimate
Valuation estimate
HEVI leadership team
Management profileNumber of profiles
Profiles2 records
HEVI funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HEVI M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HEVI
What does HEVI do?
HEVI Corp manufactures and sells all-electric heavy construction equipment including wheel loaders, wheeled excavators, electric forklifts, and mobile DC chargers. The company also offers Extended Service Contracts through Assurant and GPS/autonomy fleet management integration via Cyngn. Equipment is powered by LFP (LiFePO4) lithium-ion batteries with proprietary thermal management systems and is targeted at construction, municipal, agricultural, port, and waste management operators.
Is HEVI a public or private company?
HEVI is a private company. It is classified as corporate owned and is currently operating.
When was HEVI founded?
HEVI was founded in 2022. It employs 11 to 50 people.
Where is HEVI based?
HEVI is headquartered in East Windsor, United States, in the North America region.
How does HEVI make money?
Three revenue lines are on record. Electric Heavy Equipment Sales are the primary driver. The others are extended Service Contracts and financing Services.
Who are HEVI's main competitors?
Broad incumbents on record are JCB, BYD, Bobcat (Doosan Bobcat), John Deere, Volvo Construction Equipment, Komatsu and Caterpillar. Emerging players are Lion Electric and Polaris (Pro XD and GEM). Greenland Technologies (parent) is listed as an others.
Does HEVI have an API?
No public API is recorded for HEVI.
What industry is HEVI in?
HEVI's product category is Electric Heavy Construction Equipment. Its primary akta.pro industry code is IMAHAAAD, Wheel Loaders. Its NAICS code is 333120 and its SIC code is 3531.