Endera Secures $49 Million to Drive Expansion as America’s Leading EV Shuttle and School Bus Manufacturer
Endera, a rapidly expanding technology and manufacturing leader in the electric vehicle (EV) market, has announced a major milestone in its growth journey. The company has successfully secured $49 million in its latest funding round, marking a significant boost to its operations and future prospects. This impressive funding round consists of a $36 million equity investment led by Magnetar, a renowned global multi-strategy alternative asset manager, with additional participation from Pulse Fund. Notably, Pulse Fund’s founder, Tenzin Seldon, has joined Endera’s board of directors, bringing a wealth of expertise and strategic vision to the company. The total funding package also includes a $13 million credit facility, further strengthening Endera’s financial position.
This influx of capital is set to propel Endera’s ambitious plans for scaling the manufacturing of its electric shuttle and school buses. The company aims to expand its diverse product line and create new American jobs, particularly at its state-of-the-art production facility located in Ohio. This development underscores Endera’s commitment to driving innovation in the EV sector while supporting domestic manufacturing and economic growth.
Endera stands out as the only vertically integrated American original equipment manufacturer (OEM) specializing in class 4 electric shuttles and school buses. This unique position has enabled the company to build a strong reputation for delivering high-quality vehicles that come with comprehensive technology solutions. By leveraging its successful legacy in internal combustion engine (ICE) manufacturing, Endera has seamlessly transitioned into one of the fastest-growing leaders in the EV space. The company’s holistic approach addresses the increasing demand for zero-emission specialty vehicles, with a particular focus on serving the underserved government sector.
John Walsh, the CEO and founder of Endera, expressed his enthusiasm about the new investment, stating, “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’s product offerings are designed with versatility and customization in mind. The company provides fully customizable ICE and EV shuttles and school buses, ensuring best-in-class reliability, safety, and quality. A key highlight of Endera’s technology is its proprietary powertrain, which delivers the longest range and fastest charge times available in the market. This cutting-edge technology is complemented by Endera’s in-house fleet management software, which offers real-time insights tailored specifically to the transit sector. The software includes features such as a rider app and streamlined service response, all integrated into a single, user-friendly platform.
Endera’s impressive track record includes delivering the largest deployment of electric shuttles at a U.S. airport, a testament to the company’s capability and reliability. Additionally, Endera has been selected as a low-bid vendor for the CalAct contract, the largest state EV bus contract in U.S. history. These accomplishments highlight Endera’s ability to meet large-scale demands while maintaining high standards of quality and performance.
Tenzin Seldon, Founder and Managing Partner of Pulse Fund, shared insights into the strategic investment, saying, “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.”
Founded in California in 2019, Endera made a strategic decision to establish its manufacturing operations in Ohio. The company operates from a 250,000-square-foot production facility, which was formerly a Philips plant. This move has allowed Endera to tap into a skilled workforce while contributing to the revitalization of the Rust Belt through the creation of sustainable, clean-energy jobs. Since acquiring the former Winnebago Metro Titan group in 2021, Endera has increased its production output twentyfold, reflecting the company’s rapid growth and operational efficiency.
The choice to manufacture in Ohio aligns with Endera’s broader mission to support domestic manufacturing and sustainability. By investing in American facilities and talent, Endera is helping to strengthen the U.S. manufacturing sector while advancing the adoption of clean energy technologies. The company’s commitment to sustainability extends beyond its products to its operations, with initiatives aimed at reducing environmental impact and promoting green practices throughout its supply chain.
The newly secured funding will enable Endera to accelerate several key initiatives. Firstly, the company plans to scale up the production capacity of its electric shuttles and school buses to meet growing market demand. This expansion will involve enhancing manufacturing processes, investing in advanced technologies, and increasing workforce capacity.
Secondly, Endera aims to broaden its product portfolio to cater to a wider range of customer needs. This includes the development of new vehicle models with advanced features, improved performance, and greater energy efficiency. By continuously innovating, Endera seeks to maintain its competitive edge in the rapidly evolving EV market.
Thirdly, the company will focus on expanding its market reach both domestically and internationally. Endera plans to strengthen its sales and distribution networks, forge new partnerships, and explore opportunities in emerging markets. This strategic growth will enable Endera to capitalize on the global shift towards sustainable transportation solutions.
Endera’s growth is not just about business success; it is also about making a positive impact on society and the environment. The company is dedicated to creating high-quality jobs, supporting local communities, and contributing to the fight against climate change. By providing zero-emission vehicles and promoting sustainable practices, Endera is playing a crucial role in building a cleaner, greener future.
As Endera embarks on this exciting new chapter, the company remains committed to its core values of innovation, sustainability, and excellence. With strong financial backing, a talented team, and a clear vision for the future, Endera is well-positioned to continue its leadership in the EV industry and make a lasting impact on the world of transportation.
