Xos, Inc. Announces Strategic Partnership with NationaLease

LOS ANGELES – Xos, Inc., a leading manufacturer of Class 5 through Class 8 battery-electric vehicles and powertrains, and provider of charging infrastructure and fleet management software, today announced a strategic partnership with NationaLease, one of the largest full-service truck leasing organizations in North America with over 900 locations and over 165,000 vehicles in its fleet.

As part of the initial launch, NationaLease has chosen Xos to be a Partner where Xos vehicles and services will be listed as part of the offerings from NationaLease. These offerings include Xos’ proprietary Xosphere fleet management platform that adds more end-user capabilities such as telematics, vehicle tracking, and battery health management.

“We’re thrilled to continue growing our leasing and distribution network with this partnership with NationaLease,” said Jessica Savage, Head of Distribution at Xos. “NationaLease is widely recognized as one of the top leasing groups in the country and their support will help expand our footprint across North America.”

“We are pleased to partner with Xos and do our part in supporting the widespread growth of commercial fleet electrification,” said Dean Vicha, President of NationaLease. “This partnership will help us meet customer demand and ultimately help maintain a more long-lasting and sustainable standard for commercial transportation.”

About Xos – Xos is a leading original equipment manufacturer of Class 5 through Class 8 battery-electric vehicles and the tools to adopt them. Xos vehicles and fleet management software are purpose-built for medium- and heavy-duty commercial vehicles that travel on last-mile, back-to-base routes of 200 miles or less per day. The company leverages its proprietary technologies to provide commercial fleets with zero-emission vehicles that are easier to maintain and more cost-efficient on a total cost of ownership (TCO) basis than their internal combustion engine counterparts.

About NationaLease – Founded in 1944, NationaLease is one of the largest full service truck leasing organizations in North America, with over 900 locations throughout the U.S. and Canada and a combined customer fleet of over 165,000 tractors, trucks, and trailers. The company provides comprehensive fleet management services for private fleets and transportation service providers.

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