XL Hybrids operates in the fleet electrification market, providing hybrid and plug-in hybrid electric drive systems for commercial and municipal fleets. The company's core product is an electrified drivetrain that can be seamlessly installed onto existing fleet vehicles, such as Ford F-150 and F-250 pickup trucks, as well as Class 2-6 vehicles from major OEMs like Ford, Chevy, GM, and Isuzu. This technology delivers significant fuel savings and emissions reductions, with a 50% increase in MPG and a 33% reduction in CO2 emissions for plug-in systems, and a 25% increase in MPG and a 20% reduction in CO2 emissions for hybrid systems.

XL Hybrids serves a diverse range of clients, including large corporations like Coca-Cola and PepsiCo, municipal entities such as the City of Boston and Seattle Fire Department, and utility companies like Liberty Utilities and CPS Energy. The company operates on a B2B (business-to-business) model, generating revenue through the sale and installation of its electrification systems, as well as through its XL Link platform, which provides actionable intelligence on vehicle electrification metrics and emissions reduction summaries.

The market for hybrid and plug-in hybrid electric fleet vehicles is growing, driven by increasing demand for sustainable transportation solutions that offer immediate environmental benefits without the limitations of fully electric vehicles. XL Hybrids positions itself as a leader in this space, helping fleets achieve their sustainability goals while maintaining vehicle performance and OEM warranties.

Keywords: fleet electrification, hybrid systems, plug-in hybrid, fuel efficiency, emissions reduction, commercial fleets, municipal fleets, sustainability, OEM platforms, actionable intelligence.