SUMMARY
- Grounded raised $5M in Seed funding.
- The funding will support a new production facility and hiring.
- Grounded makes modular electric vehicles.
Grounded, a Detroit, MI-based advanced manufacturing and mobility company known for its modular electric vehicles, has raised $5M in a seed funding round. Backers were not disclosed.
The company will use the capital to establish a new vehicle-agnostic manufacturing line, build a 50,000-square-foot production facility in Detroit, and expand its manufacturing, engineering, and sales teams.
Funding Snapshot
| Metric | Details |
|---|---|
| Fundraise Amount | $5 Million |
| Funding Stage | Seed |
| Investors | Not Disclosed |
| Company | Grounded |
| Sector | Electric Vehicles / Advanced Manufacturing / Mobility |
| Headquarters | Detroit, Michigan, US |
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About Grounded
Founded in 2022 by Sam Shapiro, Grounded develops smart, modular electric vehicles for commercial and recreational applications.
The company's modular manufacturing approach allows vehicles to be customized for different use cases. Its connected software platform also supports remote monitoring and fleet management.
Read More:Learning Platform Codio Raises $5M in Funding
Grounded initially focused on electric RV's but is now expanding toward commercial and government fleet applications.
Core offerings include:
- Modular electric vehicles
- Electric RVs
- Commercial fleet vehicles
- Vehicle customization
- Fleet monitoring and management software
Core Technologies / Products / Services
| Capability/Product | Application/Use Case |
| Modular Vehicle Architecture | Enables vehicles to be customized for different applications |
| Box Platform | Supports larger commercial and fleet vehicle applications |
| Electric Vehicle Technology | Helps fleets transition toward electrification |
| Connected Software Platform | Enables remote monitoring and fleet management |
Leadership Comments
"This new facility is a turning point for Grounded," said Sam Shapiro, Founder and CEO of Grounded. "We built this company to bring smart, modular electric vehicles to the businesses and institutions that keep our cities running.
“The economy is moving onto wheels,” said Grounded Chief Product Officer Nadia Meyer. “We are seeing notable growth across food and beverage franchises, field operations, public safety and mobile healthcare.
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