ElectraMeccanica

Xos, a manufacturer of medium-duty commercial electric trucks, has entered into a definitive agreement to acquire all shares of ElectraMeccanica in an all-stock transaction. The deal will provide Xos with access to ElectraMeccanica's approximately $48.5 million cash balance to meet growing demand for zero-emission trucks.

ElectraMeccanica and Tevva entered into a definitive arrangement agreement to combine, aiming to create a leader in zero-emission commercial vehicles.