commercial-ev
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U POWER Tech
U POWER Tech is an electric-vehicle technology company building the UP Super Board, a mass-producible 'skateboard' chassis-by-wire that packages propulsion, steering, braking, suspension, thermal management and Level 2+ ADAS into a single plug-and-play platform. By decoupling the chassis from the vehicle body, U POWER lets automakers and fleet operators design custom EVs - vans, pickups, SUVs, specialty vehicles - on top of a validated base, cutting development time by at least six months. Founded in 2021 with offices in Silicon Valley (Sunnyvale) and Shanghai, the company sells to OEMs and commercial fleets and has expanded aggressively into North America with products like the UP VAN for last-mile delivery.
Euler Motors
Euler Motors is a New Delhi-based electric commercial vehicle maker building cargo three-wheelers and light four-wheeler trucks for India's last-mile logistics. Founded in 2018 by Saurav Kumar, the company designs its own powertrains and batteries in-house, manufactures at a Palwal, Haryana facility, and sells flagship products like the HiLoad EV three-wheeler and the Storm EV light truck to e-commerce, hyperlocal delivery, and logistics fleets. Backed by Hero MotoCorp, GIC, British International Investment and Lightrock, it has put more than 15,000 vehicles on Indian roads.
Saurav Kumar
Saurav Kumar is the founder and CEO of Euler Motors, a New Delhi commercial-EV maker building electric three- and four-wheelers for India's last-mile logistics. A computer-vision engineer trained at Delhi College of Engineering and Cornell, he worked on driverless-car research at INRIA in France, co-founded Cube26 (acquired by Paytm), then started Euler in 2018 on a contrarian thesis: beat diesel on performance, not just price. His flagship HiLoad EV is pitched as India's most powerful electric three-wheeler, and the company has raised hundreds of millions across rounds led by investors including Hero MotoCorp and British International Investment.
Patrick Sullivan
Patrick Sullivan is the Co-Founder and CEO of EV Realty, a San Francisco-based company building grid-scale private charging hubs for commercial electric truck fleets. Drawing on 15+ years developing nearly 9 GW of renewable energy projects at firms including Clearway Energy Group, NRG Energy, and BrightSource Energy, Sullivan identified that the real barrier to fleet electrification wasn't the trucks - it was the real estate and grid access. EV Realty's 'Powered Properties' model acquires strategically located industrial sites near freight corridors, locks in large grid capacity, and offers fleets reserved or on-route DC fast charging up to 1.2 MW. The company has raised over $103 million, including a $75M growth equity commitment from NGP in September 2025, and operates or has in development five charging hubs across California.