All Access

Climate Deals

Standard

Climate Deals Thought Bubble

Thought Bubble

Climate Deals Alerts

Alert

mustard

BFD Expert Voices - Climate Deals

BFD Expert Voices

Superlight, a developer of medium-duty electric trucks, closed $21 million in Series A funding, CEO Noamaan Siddiqi tells Axios Pro exclusively.

Why it matters: The startup is preparing for commercial production of its vehicles, which it says can compete on cost with conventional diesel trucks.

Zoom in: Engine Ventures and 2150 led the round, and Avila Ventures joined the roughly eight-month raise, which closed in May.

The UK-based company previously raised $11 million.

Engine Ventures president Israel Ruiz and 2150 partner Rahul Parekh joined Superlight's five-member board. 

The big picture: Superlight is developing medium-duty electric trucks for middle-mile delivery, logistics, contractors and similar roles. 

It's had prototypes on the road since 2020 and expects to begin commercial deliveries in the U.K. and Europe in the next year, producing the trucks at a factory near Heathrow Airport.

Reality check: Superlight is driving a road littered with the skeleton frames of electric truck efforts, including Arrival, Electric Last Mile Solution, and canceled or curtailed efforts from legacy automakers.

The other side: "I've heard this before," Siddiqi tells Axios Pro. "The entire thesis behind our company is not, 'Let's make an electric truck.' It's 'make an economically viable commercial vehicle.'"

Superlight's debut OV-1 truck will be profitable at price-parity with incumbents, he says, and cost a fraction to operate.

What's next: The company plans to offer three models spanning £110,000 to £145,000 with 80, 250, or 500 miles of driving range — the last supported by a gasoline range-extender.

It expects to first focus on European markets, then expand to the U.S. with longer-range models.

Exclusive: Superlight raises $21M for electric trucks

The startup is preparing for commercial production of its vehicles.

Illustration of a truck featuring a dollar bill surrounded by various shapes and money patterns

Superlight, a developer of medium-duty electric trucks, closed $21 million in Series A funding, CEO Noamaan Siddiqi tells Axios Pro exclusively.Why it matters: The startup is preparing for commercial production of its vehicles, which it says can compete on cost with conventional diesel trucks.

topics

politics-policy

epstein-files

donald-trump

2026-midterm-elections

immigration

behind-the-curtain

race-and-equity

technology

privacy-tech-regulation

automation-and-ai

tiktok-news

big-tech

social-media

cybersecurity

economy

social-security

inflation

tariffs

federal-reserve

transportation

business

c-suite

retail-news

media

elon-musk

dealmaking

health

rfk-jr

drug-prices

axios-explains-abortion

public-health

world

israel

axios-explains-ukraine

iran

russia

china

energy-climate

nuclear-energy

climate-energy-policy

climate-change

extreme-weather

alternative-energy

electric-vehicles

science

emerging-tech

biomedicine

newsletters

charlotte

salt-lake-city

denver

fort-lauderdale

cincinnati

boulder

kansas-city

austin

chicago

dallas

detroit

atlanta

indianapolis

nashville

nw-arkansas

columbus

hollywood

north-of-cincy

washington-dc

richmond

san-francisco

boston

des-moines

houston

phoenix

miami

philadelphia

seattle

new-orleans

colorado-springs

huntsville

raleigh

san-antonio

twin-cities

pittsburgh

san-diego

tampa-bay

portland

cleveland

arapahoe

douglas

axios-local

axios-pro

axios-live

the-axios-show

Exclusive: Superlight raises $21M for electric trucks

What to read next