Evotrex raises $30M to build the RV that doesn’t need a charging station
Evotrex closed a $30 million Series A to finish testing its hybrid RV trailer and aims to start selling next year, targeting about 1,000 units a year.
Intelligence analysis by GPT-5.4 Mini
The L.A. startup is betting that an extended-range hybrid RV can win buyers who want to stay off-grid longer than all-electric trailers allow. New money from Chinese and Hong Kong investors, plus Anker, gives it runway to finish testing, set up manufacturing, and launch PG5.
Evotrex is building a trailer with a battery and a little gas engine backup, kind of like a phone that can also use a power bank. That way, campers can stay far from outlets for longer while the company tests whether the vehicle is tough enough for real use.
Analysis
Funding and product
Evotrex has been operating for only two years, but it has already raised $46 million total after a $30 million Series A. The round was led by a group of Chinese and Hong Kong-based investors, while Anker, the consumer electronics company, is among the startup’s seed backers.
The company is building the PG5, a hybrid travel trailer that uses a battery pack recharged by an onboard gas engine. That setup is meant to give travelers longer periods of off-grid living than an all-electric trailer or a gas-powered RV that still depends on an electrical hookup. Evotrex says it has already validated a functional version of the vehicle and is targeting first sales next year.
Testing, production, and market position
Evotrex says it wants to reach about 1,000 units a year. It also says 90% of its current order book is for the fully loaded Premium trim, priced at around $160,000. The company still needs another 10 to 12 months of durability testing, which matters because RVs have many moving parts and mechanical reliability is a known challenge.
The startup’s staffing choices suggest it is putting support and service ahead of growth at all costs. Its first service employee joined about six months ago, and its first sales hire only came on board last month.
Evotrex plans to manufacture in China and do final assembly in California, though the exact locations are still being finalized. The company believes a Los Angeles base will help it reach its target customers and test in nearby climates. Co-founder Alex Xiao, who previously worked as a product manager at Anker, said the company is focused on finding real demand, shipping a strong product, and letting customers tell the story.
Key points
- Evotrex raised $30 million in Series A funding, bringing total capital raised to $46 million.
- The startup is building the PG5, a hybrid RV trailer with a battery pack and onboard gas-engine recharging.
- Evotrex says it wants to start selling next year and target about 1,000 units annually.
- The company says 90% of current orders are for the fully loaded Premium trim priced at about $160,000.
- It still needs 10 to 12 months of durability testing and plans Chinese manufacturing with final assembly in California.
If Evotrex finishes testing successfully, it could reach the market next year with a product that fits a real off-grid camping need. Strong early demand for the Premium trim suggests there may already be buyers willing to pay for that mix of range and comfort.
The company still faces a long testing window, and RV durability is a known weak point because the vehicles have so many moving parts. It also has manufacturing and assembly locations still to lock down, while larger rivals and other startups continue to crowd the category.
