Evotrex, a Los Angeles based startup barely out of stealth, has secured $30 million in Series A funding to bring a new kind of recreational vehicle to market: a hybrid travel trailer designed to live off the grid without ever plugging into a charging station.
The round, led largely by a consortium of Chinese and Hong Kong investors, lifts Evotrex’s total funding to $46 million. The capital will bankroll final development, testing and early production of the company’s first model, the PG5, as Evotrex targets building roughly 1,000 units a year.
Where many rivals are betting on fully electric trailers, Evotrex is pursuing an extended range electric vehicle architecture. The PG5 uses a substantial battery pack for primary power, backed by an onboard gasoline engine that acts as a generator. That setup is meant to free owners from both campground hookups and the sparse network of high power chargers that can accommodate large RVs.
Co founder Alex Xiao, a former product manager at consumer electronics brand Anker, argues that this hybrid approach better matches how people actually camp and travel. The company’s goal is an RV that can support long stays far from infrastructure, powering climate control, appliances and electronics without constant range anxiety or noisy, bolt on generators.
Early demand suggests the pitch is resonating. Evotrex says about 90 percent of its reservations are for the fully loaded Premium trim of the PG5, which carries a price tag of around $160,000. That places it squarely in the high end segment of the towable RV market, where buyers expect automotive grade technology and finish.
Still, Evotrex faces a durability challenge that has dogged the RV industry for decades. Complex bodies, slide outs and integrated systems are prone to leaks, rattles and failures once they hit real roads. Xiao says the company has validated a functional prototype but plans another 10 to 12 months of intensive testing to prove the PG5 can withstand years of use.
To underscore that focus, Evotrex hired its first service employee months before bringing on its first sales staffer. Manufacturing is slated to take place in China, with final assembly in California, a split strategy intended to control costs while keeping the brand close to its core North American market and diverse testing environments.