Connect with us

News

Evotrex raises $30M to build the RV that doesn’t need a charging station

info

Published

on

Evotrex PG5 063.jpeg

Evotrex has been around for just two years, but the startup is already planning to build and sell its first hybrid RV travel trailers next year, targeting around 1,000 units annually.

To get there, Evotrex has closed a $30 million Series A funding round, bringing its total raised to $46 million. Much of that came from a consortium of Chinese and Hong Kong-based investment firms, like GSR United Capital, Forebright Concerto Capital, TTGG Ventures, and Pegasus Capital, among others. Anker, the consumer electronics company, is among its seed investors.

The L.A.-based startup will need that capital finish building and testing its RV, which it revealed at this year’s Consumer Electronics Show after emerging from stealth mode last year.

It will also need it to hold its ground in a crowded field of startups. Legacy manufacturers have been slow to get going. Thor’s first electric vehicle is going to rental fleets rather than dealerships, and Winnebago’s eRV2 has been in field testing since 2023 without reaching consumers. That gap has drawn a wave of startups, and Evotrex is racing to fill it first.

Co-founder Alex Xiao told TechCrunch that he is excited about the competition, and is drawing on his experience as a product manager at Anker to help differentiate Evotrex.

“We are not afraid of competition, competition is a good thing. We educate the market together, we grow the market together,” he said. “I think in the long term the strongest companies will have many things — you must be very good at product definition, R&D, and supply chain. You also need to be very good at distribution [and] service. Many things together. It’s a very complicated business.”

Some RV startups like Lightship and Pebble are pushing all-electric travel trailers. Evotrex is one of the few that is building a hybrid system. Specifically, it’s an RV powered by a battery pack that can be recharged with an onboard gas engine — an approach commonly referred to as an “extended range electric vehicle,” or EREV.

The goal, Xiao said, is to create an RV that can really let people live off the grid for extended periods of time — something that’s hard to accomplish with an all-electric power source, or a gas engine that still requires an electric hookup.

This has apparently proven popular. Evotrex said that 90% of its existing order book is for the “fully loaded Premium trim” of its PG5 RV, which is priced at around $160,000.

Xiao said Evotrex has finished validating a functional version of its first RV, but needs the next 10 to 12 months to thoroughly test the PG5’s durability. It’s a known vulnerability in the industry. RVs have so many moving parts that mechanical integrity isn’t always a guarantee, and Xiao said Evotrex is taking it seriously. As evidence, he pointed to the fact that the company’s first service employee came on board half a year ago, while its first sales employee only joined this past month, suggesting that Evotrex is prioritizing its ability to support customers over the ability to sell to them.

Evotrex still plans to manufacture its RVs in China and complete final assembly in California, and Xiao said he’s still locking down locations for both. But he believes a Los Angeles base will give Evotrex access to its target market, as well as a range of nearby climates that are useful for testing.

Xiao said he’s leaning on another lesson from Anker, one that helped that company skyrocket in popularity: focusing on the right customers, and getting them to evangelize the product.

“The first thing is you need to find the real customer demand,” he said. “The second is you need to deliver a really good product, and third is: the customer will say the story for you.”

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Peter Obi brought prominence to Labour Party – Julius Abure confesses

info

Published

on

By

Labour party Peter Obi.jpg

Former factional National Chairman of the Labour Party, Julius Abure, has acknowledged that the party’s 2023 presidential candidate, Mr. Peter Obi, brought significant prominence to the party ahead of the 2023 general election.

Speaking on Channels Television’s Politics Today programme on Tuesday, Abure said Obi’s entry into the Labour Party boosted its national profile, although he maintained that the party had already established itself as a viable political force before the former Anambra State governor joined.

According to Abure, the Labour Party and Obi contributed equally to the party’s success during the 2023 elections, describing the relationship as a “50-50 contribution.”

He said Nigerians were already searching for an alternative political platform, while the Labour Party provided a credible structure that attracted Obi and other politicians.

Abure noted that the party was not without achievements before Obi’s arrival, recalling that it had previously produced a governor and elected public office holders.

He also stated that several prominent politicians, including Pat Utomi and Alex Otti, had joined the party before Obi, adding that the Labour Party was already emerging as a third-force movement in Nigeria’s political landscape.

Abure said: “There’s no gainsaying the fact that Mr. Peter Obi brought prominence to the Labour Party.

“But to say very clearly, it is a ’50-50 contribution’. Nigerians were determined to have an alternative political platform to the other platforms. I want to believe that we created and made the platform available. We created that opportunity, and we brought our own credibility and platform to the party.

“I’m sure that that was what Peter Obi saw that attracted him to the party. The party wasn’t completely empty.

“You recall that the party had once had a governor before. We have had elected office holders before.

“And let me say this very clearly: even before Peter Obi came, a lot of prominent Nigerians had already joined the party. So, it was very clear that the party was already becoming the third-force political party in Nigeria before Peter Obi came.

“Don’t forget that politicians like Pat Utomi, Alex Otti and some other political heavyweights had already joined the party before Peter Obi joined.

“But I want to agree completely that he brought prominence, and we also complemented that. And that was what resulted in what we had in the 2023 general election.”

Continue Reading

News

Remembering Nigeria’s Overflowing Crop of Strikers at the 2010 World Cup

info

Published

on

By

Remembering Nigerias Overflowing Crop of Strikers at the 2010 World.png

The World Cup is here, and for the second straight edition of the tournament, the summer will go on without Nigerian involvement. The Super Eagles endured a disastrous qualifying campaign, winning just one of their opening six games and facing an uphill battle to qualify.

They did recover somewhat, and a run of three wins in four —  including a thrilling 4-0 victory against Benin on the final day when they needed to win by three clear goals —  secured a spot in the playoffs. However, that too would end in misery after losing the playoff final on penalties to underdogs DR Congo.

Africa’s Contingent at the World Cup

A ten-strong African contingent will now jet out to North America, with the bookies making Morocco the pick of them. One top crypto sports betting outlet currently makes the Atlas Lions a 50/1 shot to become the first winner from the continent of Africa, four years on from becoming its first-ever semifinalists. For Nigeria, however, a long summer lies ahead of simply watching on, as opposed to being involved.

Nigeria’s Glory Days

It wasn’t always this way. The Super Eagles featured in six of the seven tournaments held between 1994 and 2018, reaching the Round of 16 in three of them. Throughout that run, Nigeria had a slew of strikers in their attacking arsenal, capable of scoring goals against any defence.

Never was this more apparent than in the 2010 showpiece in South Africa, when then-manager Lars Lagerbäck named no fewer than seven strikers in his 23-man squad. While their goalscoring form would abandon them in their hour of need that summer, let’s see if you can remember who they were.

Nwankwo Kanu

When it comes to the greatest Nigerian strikers of all time, Nwankwo Kanu has to be near the top of the list. He shot to prominence with Arsenal in the early 2000s, announcing himself with a blistering 15-minute hat trick against rivals Chelsea at Stamford Bridge. He would go on to claim two Premier League titles with the Gunners, but by the time the 2010 World Cup rolled around, he was in the twilight of his career.

Kanu was still in the Premier League with Portsmouth, and Super Eagles boss Lagerbäck made him captain for the tournament. Even still, he sat on the bench for the first two games before playing an hour in the third against South Korea.

Yakubu

Feed the Yak, and he will score. That’s what English fans used to sing about cult-hero Yakubu during his days with Portsmouth, Everton, and Middlesbrough. He had just netted five Premier League goals for the Toffees in the run-up to the 2010 World Cup, and he was supposed to be the man to fire Nigeria to glory. Instead, it’s his disastrous miss in the third group stage game against South Korea —  a miss that saw the Super Eagles exit the tournament —  that he is best remembered for.

Obafemi Martins

Another genuine superstar. Obafemi Martins scored goals for fun alongside Brazilian Adriano at Inter Milan, before moving on to Newcastle United, where he would net 35 goals in three seasons. In 2009/10, he was playing for German outfit Wolfsburg and was still deadly.

Despite his unquestionable prowess at the club level, he wasn’t able to make an impression on the 2010 World Cup. He came off the bench in the games against Argentina and South Korea, but he was never able to find the net, and the Super Eagles duly bowed out.

Peter Odemwingie

Peter Odemwingie was somewhat of an unknown commodity back in 2010. He had spent the last three and a half years in Russia, never truly setting the world alight with Lokomotiv Moscow. He went to the World Cup anyway, despite his lack of form. He, too, would come off the bench for each of the opening two games but never found the net.

At the culmination of the tournament, Odemwingie joined West Bromwich Albion and immediately shot to prominence after scoring 15 goals in his debut campaign. He is perhaps best remembered for driving to Loftus Road, home of Queen’s Park Rangers, in an effort to force through a move on transfer deadline day in 2013, even though the club hadn’t even made an offer to sign him.

John Utaka

Jon Utaka was another in miserable form heading into the World Cup. He had just suffered relegation from the Premier League with Portsmouth alongside Kanu, but Lagerbäck called him to the international squad anyway. He wouldn’t see a single minute of game time at the tournament.

Brown Ideye

21-year-old striker Brown Ideye had never played for Nigeria before, but Lagerback called him up to the World Cup squad as well, despite him netting just two league goals for Sochaux in the season leading up to the tournament. He wouldn’t see a single minute of action either, but he would find form immediately following the tournament. In 2010/11, he hit 17 goals for his French side and secured a big-money move to Ukrainian outfit Dynamo Kyiv, where the goals would continue to flow.

Kalu Uche

Almeria striker Kalu Uche was perhaps the most in-form out of this entire crop after netting nine goals in La Liga in the buildup to the World Cup. Truth be told, he is the only one who managed to leave South Africa with his head held high after netting twice on football’s grandest stage, firstly against Greece and then against South Korea. The goals would dry up from there, however, and he only ever found the back of the net twice more in a Nigeria shirt before falling out of favour.

Continue Reading

Trending