Grounded raises $5m to expand modular fleet production in Detroit
A larger factory and a vehicle-agnostic box platform will support commercial uses across electric and combustion-powered vehicles.
Grounded raised $5 million in seed financing on August 18. Participants included Also Capital, The 81 Collection, Animal Capital and Michigan Outdoor Innovation Fund. The company converts electric and gas-powered vans into modular commercial vehicles.
More applications from a shared platform
The seed financing will fund tooling and research for the box-platform line, the buildout of a 50,000-square-foot Detroit facility, and hiring across manufacturing, engineering and sales. Production was scheduled to begin in August, with capacity increasing through 2027.
Grounded configures a common vehicle platform for uses such as mobile healthcare, food service and field operations. The expansion brings that approach to a broader range of chassis while the company continues making electric recreational vehicles. Shared architecture lets it serve different fleet requirements without engineering each vehicle from scratch.
Use of funds
Set up the modular box-platform manufacturing line and Detroit facility.
Expand manufacturing, engineering and sales teams.