Endera, a technology and manufacturing leader in the electric bus market, announced that it has secured $49 million in its latest funding round. This funding round includes a $36 million equity investment led by Magnetar, with participation from Pulse Fund — whose founder, Tenzin Seldon, has joined Endera’s board of directors — and Endera’s longtime strategic partner, Pritchard Auto Company.
This total also includes a $13 million credit facility. And this funding will enable Endera to scale manufacturing of its electric shuttle and school buses, expand its product line, and create new American jobs at its production facility in Ohio.
Known as the only vertically integrated American OEM of class 4 electric shuttles and school buses, Endera has a reputation for delivering high-quality vehicles coupled with complete technology solutions. By utilizing its legacy internal combustion engine (ICE) manufacturing business, the company transitioned into one of the biggest leaders in the EV space, providing complete systems that address the growing demand for zero-emission specialty vehicles, especially for the underserved government sector.
Endera provides fully customizable ICE and EV shuttles and school buses to achieve reliability, safety, and quality, along with a proprietary powertrain that achieves the longest range and fastest charge time available. And Endera has coupled this with an in-house fleet management software that features real-time insights tailored to the transit sector, which includes a rider app and streamlined service response in one integrated platform. So far, the company has delivered the largest deployment of electric shuttles at a US airport and has been selected as a low-bid vendor for the CalAct contract, the largest state EV bus contract in US history.
Endera, which was founded in California in 2019, made the strategic decision to manufacture in Ohio at its 250,000-square-foot production facility, a former Philips plant, tapping into a skilled workforce and helping to revitalize the Rust Belt by creating sustainable and clean-energy jobs. And the company has increased its production output 20-fold since acquiring the former Winnebago Metro Titan group in 2021.
KEY QUOTES:
“This investment will support our mission to revolutionize the specialty vehicle industry and accelerate the transition to clean mobility. At a time when America needs to prioritize domestic manufacturing and sustainability, Endera is leading by example—creating jobs, driving economic growth, and providing cost-effective solutions all while advancing American ingenuity.”
- Endera CEO and founder John Walsh
“We see both commercial and climate value in Endera’s vertically integrated approach because it enables them to respond to customer needs with speed and precision. By offering a holistic solution, they’re not just filling in gaps in the commercial EV market but solving challenges at every level. We’re excited to support their next phase of growth and contribute to the broader push for nationwide electrification.”
- Tenzin Seldon, Founder & Managing Partner of Pulse Fund
