Zeus Electric Chassis - Regulation Crowdfunding (Reg CF)
One of the Fastest Growing EV Truck Platforms in the Class 3-8 Truck Market
Zeus Electric Chassis, Inc. (Zeus) has developed an uncompromising, fully-configurable, full-electric work truck solution to address the untapped class 3-8 specialty work truck market.
Our Founder and CTO, Bob Grinstead, leveraged his 25 years of knowledge in the specialty truck industry to build a powerful, ground-up EV truck platform that can not only match but exceed the productivity of diesel counterparts. By focusing on a customer’s mission, we can quickly configure the Zeus platform to meet the unique needs of any industry segment, including utility, telecom, waste collection, shuttle, RV, fire and rescue, landscaping, and construction, to name just a few.
EV mandates are driving the efforts to decarbonize work truck fleets in the U.S. Fifteen states in the U.S. Climate Alliance have signed agreements to require 30% of their fleets to be electric by 2030, with more aggressive goals in California and New York further accelerating EV adoption in their states. Based on NTEA data, the 15 states with EV mandates represent over 40% of work truck sales in the U.S. - estimated at 140,000 trucks in 2021. Fulfilling the EV fleet adoption mandates in these states alone represents a potential market of $8 billion by 2030.
Mandate-Driven EV Work Truck Fleet Adoption Represents a Potential Market of $8 Billion by 2030.
The electric vehicle (EV) market is one of the fastest growing industries in the world. New and existing companies are announcing plans, models and concepts at a breathtaking pace. Tesla has had tremendous success in the sector, progressing from a thorn in the side of big auto to the most valuable auto manufacturer in the world.
The potential value of this market has generated a gold rush mentality with frenzied interest from the public, media and investors. While much of the focus has centered on the mass consumer market for passenger cars and light-duty trucks on one end, and city buses and semi-trucks on the other, the market for work trucks has received little attention. Yet these medium- to heavy-duty work trucks make up the majority of commercial and government fleets around the world.
Zeus is uniquely positioned to meet the inherent challenges and opportunities of EV fleet adoption. Our truck has been eight years in the making and offers an innovative, thoughtful solution for the industry and the environment. We’re raising money on more than a rendering: we’re building tomorrow’s truck today. We have a working prototype, are preparing to build our first production vehicles, and are working with leading industry suppliers.
We build integrity into all we do, whether it's raising money, signing contracts, or assembling trucks.
Zeus recently wrapped up a successful private seed capital raise, exceeding our goal of $500K to close at $751K in less than six months. In April, the Company launched a 506C offering for accredited investors in parallel with a crowdfunding campaign for small investors. The proceeds from this round will enable the Company to prepare for upcoming work truck builds and fund the expansion of sales and marketing efforts.