Winnebago Industries

Motiv Power is adding to its order book for medium-duty electrified chassis and generating revenue. Special purpose acquisition company (SPAC) interest is growing.

With 1 million real-world electric miles, Motiv Power Systems sees growing customer reorders previewing a breakout for battery-powered medium-duty trucks.

Motiv Power Systems, which converts medium-duty trucks from gasoline to run on zero-emission electricity from batteries, is getting $60 million in equity funding from Winnebago Industries Inc. and a private holding company in Colorado.