Hypercraft
EV for everyone â the future of E-mobility is here, and Hypercraft is making it a reality.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 Valuation: €0.0 | round | |
* | $26.0m Valuation: $106m | Series A | |
| Total Funding | 000k | ||
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Based in Provo, Utah, Hypercraft operates as a manufacturer of complete electric and hybrid powertrain systems designed for vehicle original equipment manufacturers (OEMs) and integrators. The company was founded in 2019 by CEO Jake Hawksworth and CBO Jon Miller. Hawksworth, a self-taught product engineer and second-generation manufacturer, brings extensive experience from the powersports sector, having designed over 500 products and secured eight patents in mechanical systems. This deep background in fabrication, engineering, and product design for performance vehicles informs Hypercraft's core mission.
Hypercraft's business model centers on providing comprehensive, turnkey powertrain solutions that simplify the vehicle electrification process for its clients. The company serves a diverse market, including the defense, marine, automotive, commercial, and racing industries. By bundling components like batteries, electric motors, software, wiring, and user interface displays into a single, integrated package, Hypercraft enables businesses to accelerate their vehicle development timelines and reduce complexity. The company's product offerings are configurable, allowing for tailored solutions that meet specific performance and architectural needs.
A key product is the proprietary "HyperPack" battery system, designed and built in-house with modular capacities ranging from 20kWh to 120kWh. This focus on modularity allows the company to support various vehicle platforms and applications. The company's offerings also extend to hybrid systems, recognizing the need for diverse solutions beyond fully electric vehicles. A significant milestone was the acquisition of Stealth EV in 2022, which expanded its capabilities and product lines. Financially, Hypercraft has secured substantial funding to fuel its growth, including a $6.5 million seed round in February 2023 and a $26 million Series A round in June 2025, reaching a post-money valuation of $106 million.
Keywords: electric powertrain systems, hybrid propulsion, EV conversion, turnkey electric drive systems, vehicle electrification, HyperPack battery, OEM powertrain solutions, mobility technology, advanced propulsion systems, electric motor integration, defense mobility, marine electrification, commercial vehicle EV, performance EV systems, Jake Hawksworth, Jon Miller, Stalwart Ventures, modular EV batteries, software-defined mobility, EV systems engineering