Evotrex, a California-based company focused on revolutionizing outdoor adventures with intelligent, power-generating RVs, announced that it has successfully raised $30 million in Series A financing. This funding round attracted various new investors, including GSR United Capital, Forebright Concerto Capital, Unique Capital, Pegasus Capital, TTGG Ventures, ChunJia Capital, and Thundersoft, among others.
With this latest round of funding, Evotrex has raised a total of $46 million to date.
The influx of capital will enable Evotrex to advance the development of the Evotrex-PG5 electric RV trailer, which is aimed at hitting the market in 2027. The company plans to utilize these funds for completing the product's final development, conducting automotive-standard testing and validation, and preparing for production.
Notably, around 90% of Evotrex's current orders are for the Premium trim model, which carries a price tag of $159,990.
Beginning in the fourth quarter of 2026, Evotrex anticipates launching a thorough automotive-standard testing program. This initiative will emphasize reliability and safety and will include various assessments, including towing, range testing, and structural durability evaluations.
Alex Xiao, CEO and founder of Evotrex, highlighted the importance of this funding, explaining it reflects strong market validation following the company's CES debut earlier this year.
The Evotrex-PG5 is designed to be not only an RV but also a mobile energy platform. It incorporates onboard power generation, energy storage, and sophisticated energy management systems to cater to the modern outdoor lifestyle.
As consumer demands for flexibility and energy independence grow, Evotrex is responding to this trend by developing a platform suitable for a range of applications, from recreation to remote work.
Furthermore, the company has engaged in a collaborative design process with preorder customers, leading to significant enhancements in product features based on user feedback, including modular seating, a cinema screen, and improved interior layout options. Evotrex is also planning a larger co-creation workshop later this year for further customer engagement.
Evotrex is actively seeking dealership partners looking to innovate in the RV industry and offers a fresh customer experience focused on service and long-term relationships. Interested dealers can reach out via email for partnerships.
Source: rv-pro.com