Evotrex, a newcomer in the recreational vehicle market, is advancing plans to build a hybrid RV that combines battery power with an onboard gas engine, enabling extended off-grid travel. The company recently closed a $30 million Series A funding round to accelerate development and testing of its innovative PG5 model.
- Hybrid power train combines battery with gas engine for extended off-grid use
- Raised $30 million in Series A from Chinese and Hong Kong investors plus Anker
- Plans to produce about 1,000 units annually starting in 2027
What happened
Evotrex, a Los Angeles-based startup founded two years ago, has successfully closed a $30 million Series A funding round. This latest investment boosts their total funding to $46 million and comes from several investors based in China and Hong Kong, with seed backing from consumer electronics company Anker. The fresh capital will be allocated toward completing development, testing, and preparing for manufacturing and assembly operations in China and California.
The company plans to launch its first product, the PG5 hybrid travel trailer, in 2027, aiming for an initial annual production volume of approximately 1,000 units. Evotrex publicly revealed the vehicle at this year’s Consumer Electronics Show after emerging from stealth mode the year before. The RV features a hybrid extended-range electric vehicle (EREV) powertrain, combining a battery pack and an onboard gas engine to recharge the battery and provide extended travel capabilities without dependence on charging infrastructure.
Why it matters
The recreational vehicle market is rapidly evolving as startups and legacy automakers race to electrify. However, many all-electric RV solutions struggle with limited range and reliance on charging stations, which restricts true off-grid capabilities. Evotrex’s hybrid system aims to overcome these challenges by integrating gas-powered recharging to support longer remote travel.
This approach addresses a gap in the market where fully electric RVs have proven less practical for extended, off-the-grid living. Early signs indicate strong customer demand, with 90% of current orders for the premium, fully loaded PG5 model priced around $160,000. Evotrex’s focus on product durability and service support demonstrates an understanding of the technical and logistical complexities in the RV industry, potentially positioning the company well against competitors.
What to watch next
In the coming 10 to 12 months, Evotrex will prioritize rigorous durability and reliability testing for the PG5 to ensure it meets the mechanical demands of RV users. The startup is also building its customer support infrastructure ahead of ramping up sales, signaling strong attention to long-term service and customer satisfaction. How successfully Evotrex can balance production, quality, and service will be critical to establishing its foothold in the fast-growing electric RV segment.
Additionally, the company’s strategy to manufacture in China and finalize assembly in California will be interesting to monitor as it navigates supply chain and regulatory hurdles. Industry observers should also track how the competitive landscape evolves, with other startups and legacy brands vying to deliver electric or hybrid RVs. Evotrex’s ability to create customer evangelists and scale production could determine its trajectory in an emerging market.