Evotrex, a two-year-old startup developing hybrid recreational vehicle trailers, has raised $30 million in a Series A funding round as it prepares to launch its first product next year.
The new financing brings the Los Angeles-based company’s total funding to $46 million.
Investors in the round included:
- GSR United Capital
- Forebright Concerto Capital
- TTGG Ventures
- Pegasus Capital
Most of the investors are based in China and Hong Kong. Consumer electronics maker Anker participated earlier as a seed investor.
Production plans
Evotrex unveiled its first RV at CES 2026 after emerging from stealth mode last year.
The company aims to produce and sell about 1,000 units a year.
Co-founder Alex Xiao, a former product manager at Anker, said competition in the RV market is beneficial.
“We are not afraid of competition, competition is a good thing. We educate the market together, we grow the market together,” Xiao told TechCrunch.
“I think in the long term the strongest companies will have many things — you must be very good at product definition, R&D, and supply chain. You also need to be very good at distribution [and] service. Many things together. It’s a very complicated business.”
Hybrid approach
Unlike startups such as Lightship and Pebble, which are building all-electric travel trailers, Evotrex is pursuing a hybrid system.
Its PG5 trailer uses:
- A battery pack.
- An onboard gasoline engine that recharges the battery.
The setup is commonly known as an extended-range electric vehicle (EREV).
Xiao said the approach is intended to support longer off-grid use.
According to the company, about 90% of existing orders are for the Premium trim version of the PG5.
The model carries a price tag of roughly $160,000.
Testing and customer support
Evotrex said it has validated a working version of the trailer but expects to spend the next 10 to 12 months conducting durability tests.
Xiao said reliability is a key focus because RVs contain many moving parts.
He noted that the company’s first service employee joined six months ago, while its first sales employee was hired only this month.
“The first thing is you need to find the real customer demand,” Xiao said.
“The second is you need to deliver a really good product, and third is: The customer will say the story for you.”
Manufacturing plans
Evotrex plans to manufacture its RVs in China and complete final assembly in California.
The company is still finalizing locations for both operations.
Xiao said Los Angeles offers access to customers and a range of climates suitable for vehicle testing.
TL;DR
Evotrex has raised $30 million to accelerate development of its hybrid PG5 RV trailer. The startup plans to begin sales next year, targeting annual production of 1,000 units and focusing heavily on durability testing and customer support.
AI summary
- Evotrex raised $30 million in Series A funding.
- Total funding now stands at $46 million.
- The startup plans to launch its hybrid PG5 RV trailer next year.
- About 90% of orders are for the $160,000 Premium trim.
- Manufacturing will take place in China, with final assembly in California.
