The deal includes XL Fleet’s Wixom, Michigan, facility and a Department of Defense (DOD) pilot development agreement.
Klein replaces Chris Goldner, who was appointed as the company’s interim CFO in February 2022.
Tod Hynes appointed chair of XL Fleet’s board of advisors; steps down as president.
Automotive and mobility sector veteran Eric Tech named CEO of XL Fleet.
Company expects to increase its engineering headcount by 50% in 2021 as it continues rapid expansion.
The system can now be installed on a range of commercial fleet vehicles from General Motors.
Upon closing, the combined company will be named XL Fleet.