Evotrex

Summary active Updated Jun 3, 2026

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Location Los Angeles, California
Latest Stage Series A
Total Raised $46M
Website https://www.evotrex.com
Sector
automotive ev hardware consumer recreational-vehicles

Founders

Alex Xiao CEO & Co-Founder
Bruce Yang CTO
Stella Qin Co-Founder & Chief Brand Officer
Jack Zhan Co-Founder & COO
Ivan Wang Chief Marketing Officer

About

Evotrex is a Los Angeles-based startup developing hybrid recreational vehicles that combine battery power with an onboard gas engine to extend off-grid range, an architecture commonly referred to as an extended-range electric vehicle (EREV) 1. The company emerged from stealth in November 2025 to debut the PG5, a power-generating RV travel trailer, at CES 2026 2. Premium trim of the PG5 is priced around $160,000 1. Anker Innovations is among Evotrex’s seed-stage backers 12.

Funding History

Date Round Amount Lead Co-investors
2025-11-06 Pre-A $16M Xstar Capital Unity Ventures, Kylinhall Partners, Vision Plus Capital, founders of Anker Innovations 2
2026-06-09 Series A $30M Consortium of Chinese and Hong Kong-based firms GSR United Capital, Forebright Concerto Capital, TTGG Ventures, Pegasus Capital 13

Total raised to date: $46M 1.

What Investors Say

No independently sourced investor quotes found at this time.

What Founders Say

On the competitive landscape, CEO and co-founder Alex Xiao told TechCrunch: “We are not afraid of competition, competition is a good thing. We educate the market together, we grow the market together.” 1

Sources

  1. TechCrunch, “Exclusive: Anker-backed Evotrex raises $30M to build its off-grid RV,” June 9, 2026. Accessed June 2026. https://techcrunch.com/2026/06/09/anker-backed-evotrex-raises-30m-to-build-its-off-grid-rv/↩↩↩↩↩↩

  2. GlobeNewswire, “Evotrex Exits Stealth with $16 Million Pre-A to Debut the World’s First Power-Generating RV Trailer at CES 2026,” November 6, 2025. Accessed June 2026. https://www.globenewswire.com/news-release/2025/11/06/3182535/0/en/Evotrex-Exits-Stealth-with-16-Million-Pre-A-to-Debut-the-World-s-First-Power-Generating-RV-Trailer-at-CES-2026.html↩↩↩

  3. TechCrunch, “Exclusive: Anker-backed hybrid RV startup Evotrex comes out of stealth,” November 6, 2025. Accessed June 2026. https://techcrunch.com/2025/11/06/anker-backed-hybrid-rv-startup-evotrex-comes-out-of-stealth/↩