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Funding from Magnetar, Pulse Fund, and Pritchard Auto to fuel manufacturing growth and job creation
Endera, a leading manufacturer of electric shuttles and school buses, has raised $49 million to accelerate its expansion. The funding includes $36 million in equity led by Magnetar, with additional participation from Pulse Fund and longtime partner Pritchard Auto Company. The remaining $13 million is a credit facility, providing the company with the resources to scale production, expand its product lineup, and create jobs at its Ohio manufacturing facility.
Key Highlights:
- Endera is the only vertically integrated U.S. OEM for Class 4 electric shuttles and school buses.
- Funding will help scale EV production, expand product offerings, and support domestic manufacturing.
- Endera’s proprietary powertrain offers industry-leading range and charging speed.
- Company has the largest deployment of electric shuttles at a U.S. airport and was selected for CalAct, the largest state EV bus contract in U.S. history.
- Endera’s Ohio facility has increased production output 20-fold since acquiring Winnebago Metro Titan in 2021.
Accelerating the Transition to Clean Mobility
Founded in California in 2019, Endera has rapidly grown into a leader in the electric vehicle (EV) space, leveraging its legacy in internal combustion engine (ICE) manufacturing to develop fully integrated EV solutions. The company provides customizable shuttles and school buses designed for maximum reliability, safety, and efficiency.
“This investment will accelerate our mission to revolutionize the specialty vehicle industry and drive the transition to clean mobility,” said John Walsh, CEO and founder of Endera. “At a time when America needs to prioritize domestic manufacturing and sustainability, Endera is leading by example—creating jobs, driving economic growth, and delivering cost-effective solutions.”
Endera’s technology-driven approach includes in-house fleet management software that provides real-time insights, a rider app, and integrated service response—enhancing efficiency across the transit sector.
A Strategic Investment in Sustainable Transportation
Pulse Fund, one of the investors, sees strong commercial and environmental value in Endera’s vertically integrated business model.
“Endera’s ability to provide a holistic EV solution enables them to respond to market needs with speed and precision,” said Tenzin Seldon, Founder & Managing Partner of Pulse Fund. “They’re solving challenges at every level, and we’re excited to support their next phase of growth.”
With a 250,000-square-foot production facility in Ohio, Endera is tapping into the region’s skilled workforce, helping revitalize the Rust Belt with sustainable, clean-energy jobs.
For more information, visit www.enderamotors.com.
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