- Hercules is developing an all-electric sport pickup truck, the Hercules Alpha, which will be available in late 2022
- Hercules is commencing the Series A financing to support product development, add team members and is currently scouting locations for production of its components, including solid-state batteries
Hercules Electric Vehicles is opening a $20 million Series A investment round managed by CMD Global Partners, a boutique investment bank. Hercules is developing an all-electric sport pickup truck, the Hercules Alpha, which will be available in late 2022. Hercules expects to demonstrate its first drivable architectural mule in April 2021.
James Breyer founded Hercules Electric Vehicles in 2018 with a vision to bring luxury eco-utility products to market. He added, “This is an exciting period for Hercules, which is on a tremendous growth path for 2021.”
Production of its components, including solid-state batteries
luxury pickup will offer powertrain configurations with more than 1,000 hp through a torque-vectoring four-motor drive system, the company said. The motors provide independent torque control for amazing stability and ultimate high-performance.
Hercules is commencing the Series A financing to support product development, add team members and is currently scouting locations for production of its components, including solid-state batteries
Breyer said that the company intends to use existing industrial capacity wherever possible, paired with a modular design and assembly approach. This wil enable Hercules to bring eco-utility vehicles to market quickly and with a high level of personalisation and craftsmanship.
