ZEVX, a prominent provider of intelligent EV power system solutions, has successfully raised over $20 million in the first phase of a funding round. The investment was led by Reynolds Capital, the investment arm of The Reynolds and Reynolds Company, which is the leading provider of automobile dealership software, services, and forms for enhancing business results and customer experience transformation. Several other investors also participated in the funding.
ZEVX is recognized for its rapid innovation in battery electric power systems and data intelligence for e-mobility applications. Its range of premier battery electric powertrain and power system products enables Class 2-6 commercial fleet assets and auxiliary power tools to quickly transition to zero carbon. ZEVX’s platinum service mission begins with customers and extends through a deep partner network, using existing automotive service infrastructure and tier 1 fleet management companies.
The company has also announced significant changes to its leadership team, including the appointment of Don Listwin as CEO and Kevin J. Kennedy as Chairman and independent Board member. David L. Shimek and Sidney Haider of The Reynolds and Reynolds Company have also joined the ZEVX Board of Directors. Don Listwin has a wealth of experience, having previously served as Executive Chairman at Sana Security, Openwave Systems, RapidAI, and spent a decade at Cisco Systems as Executive Vice President. Meanwhile, Carolyn Maury, the previous CEO and Co-Founder of ZEVX, has assumed the roles of CFO and CAO.
According to Don Listwin, ZEVX is at the forefront of transforming commercial fleets of all sizes towards electric and zero carbon solutions. He believes that the company is in one of the most impactful and promising businesses today, with its recent funding news and new Board appointments contributing to the momentum the company has already achieved.
David L. Shimek of The Reynolds and Reynolds Company expressed excitement about contributing to ZEVX’s growth and direction, stating that the company fills a niche that is not currently being met in the marketplace. With Kevin J. Kennedy, an engineering expert who has previously served as CEO of Avaya and JDS Uniphase Corporation, and Sidney Haider, founder of AddOnAuto and Senior Vice President of Mergers and Acquisitions for The Reynolds and Reynolds Company, joining the ZEVX Board of Directors, the company is well-positioned to continue driving existing truck fleets towards a cleaner and more economical future.
