Atlis Motor Vehicles
Atlis Work Truck 6272c721378c9

Electric work truck developer Atlis to go public on Nasdaq

May 5, 2022
The high-tech Arizona company, which is developing a versatile electric work truck and the batteries and motors to drive it, seeks stock index membership to raise capital.

Atlis Motor Vehicles, a mobility technology company, announced plans May 4 to apply to be listed on the Nasdaq composite index, the major U.S. stock market.

Mesa, Arizona-based Atlis said in a release and during a press conference that the company anticipates it will be accepted by the stock market this summer. Investors will be able to trade shares of the company’s stock as Atlis develops technology to further encourage and enable the mass adoption of electric vehicles, according to the company’s release.

See also: Atlis unveils EV prototype pickup built for work

Atlis is developing an electric work truck for individuals and fleet owners who work in the agriculture, service, utility, and construction industries., along with the batteries and motors to drive it.

“From inception, we’ve had an unwavering commitment to produce an electric truck that does not compromise performance or durability. By going public, we will unlock the capital needed to succeed,” said Mark Hanchett, Atlis founder and CEO. “This new funding will allow us to continue to scale operations to produce state-of-the-art batteries, platforms, and pickups needed to advance the work truck market.”

Investors may continue to purchase shares of Atlis through the company’s Regulation A offering on the website, which contains information and disclosures, including the public offering statement. Investors will be able to purchase shares on the open market once the company goes public.

Atlis took the four years since its founding to develop a battery cell and ultra-fast charging platform and delivered the first complete pre-production vehicle built atop that platform, the all-electric XT work pickup truck, last fall.

About the Author

FleetOwner Staff

Our Editorial Team

Kevin Jones, Editorial Director, Commercial Vehicle Group

Josh Fisher, Editor-in-Chief

Jade Brasher, Senior Editor

Jeremy Wolfe, Editor

Jenna Hume, Digital Editor

Eric Van Egeren, Art Director

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Streamline Compliance, Ensure Safety and Maximize Driver's Time

Truck weight isn’t the first thing that comes to mind when considering operational efficiency, hours-of-service regulations, and safety ratings, but it can affect all three.

Improve Safety and Reduce Risk with Data from Route Scores

Route Scores help fleets navigate the risk factors they encounter in the lanes they travel, helping to keep costs down.

Celebrating Your Drivers Can Prove to be Rewarding For Your Business

Learn how to jumpstart your driver retention efforts by celebrating your drivers with a thoughtful, uniform-led benefits program by Red Kap®. Uniforms that offer greater comfort...

Guide To Boosting Technician Efficiency

Learn about the bottom line and team building benefits of increasing the efficiency of your technicians in your repair shop.