California-based Evotrex announced it has raised $30 million in a Series A round, bringing total funding to $46 million. The funds will be used to complete development, testing, and production preparation for the Evotrex-PG5 electric RV trailer, with deliveries scheduled for 2027.
The two-year-old startup, backed by Anker, plans to launch its first hybrid RVs in 2026 with a target production volume of about 1,000 units per year. The model uses an EREV (extended-range electric vehicle) system where a gasoline engine charges the batteries, enabling long off-grid autonomy. Assembly will take place in China with final finishing in California.
About 90% of pre-orders are for the top Premium trim priced at $159,990. According to one source, prices start at $119,990 for the Pioneer version and go up to $159,990 for the Atlas. Over the next 10–12 months, the company will focus on durability testing and service improvements.