Release dated August 20, 2021. The text appears as posted on buildcapitalpartners.com; titles, figures and company names reflect that date.

Editor's note. BUILD's description at the end of this release was shortened in 2026.

SALT LAKE CITY, UT, August 20, 2021 – Build Capital Partners (“Build”), a leading private equity and venture capital firm, is pleased to announce that its portfolio company, Xos, Inc. (“Xos”), is now listed on the Nasdaq under the ticker symbol “XOS.” This development follows Xos’ successful business combination with NextGen Acquisition Corporation, marking a key milestone for the electric vehicle (EV) sector.

“As an early investor in Xos, we have had the privilege of witnessing their unwavering commitment to transforming the commercial transportation industry,” said Joshua Tandy, Partner at Build Capital Partners. “Going public on the Nasdaq is both a commendable achievement and an affirmation of Xos’ innovative approach to developing zero-emission commercial vehicles. We are thrilled to support them in their mission to accelerate the transition to sustainable mobility.”

Powering the Future of Electric Commercial Vehicles

  • Proven Leadership
    Xos has consistently showcased its engineering expertise and strong leadership in addressing the complex demands of fleet operators through ruggedized, purpose-built electric trucks.

  • Strategic Partnerships
    By partnering with industry-leading logistics providers, technology companies, and automotive suppliers, Xos has positioned itself to meet the escalating demand for EV commercial solutions.

  • Market Validation
    With the Nasdaq listing, Xos has gained a robust platform to further scale its production capabilities, bolster research and development, and broaden its customer footprint in the electric transportation sector.

“We appreciate the trust Build Capital Partners placed in our vision from the start,” said Dakota Semler, CEO of Xos. “Their guidance and resources have been instrumental in helping us reach this important milestone. We look forward to continuing our work together in delivering reliable, sustainable commercial vehicles to markets around the world.”

About Build Capital Partners

Build Capital Partners is a hybrid private equity and venture capital firm.

About Xos

Xos, Inc. is a leading manufacturer of fully electric commercial vehicles, committed to delivering durable, cost-effective solutions that reduce the carbon footprint of transportation fleets. Through advanced engineering, cutting-edge battery technology, and strategic partnerships, Xos is powering the transition to zero-emission trucks for fleet operators across multiple industries. For more information, please visit xostrucks.com.