Detroit-based startup Grounded has announced the successful closure of a $5 million funding round. The company specializes in the custom upfitting and modification of both electric and gas-powered vans.
Headquartered in Detroit, Grounded provides advanced technology and services designed to optimize and customize commercial vans and other vehicles for specific use cases. The company aims to address shifting vehicle demands driven by the expansion of the EV (electric vehicle) market, supporting logistics providers and fleets with flexible, tailored vehicle architecture.
The newly secured capital will primarily be allocated toward scaling customization operations and expanding vehicle production capacity to meet diverse customer requirements. By strengthening its capabilities to handle not only traditional internal combustion engine vehicles but also rapidly growing electric van segments, Grounded is building a robust framework to serve evolving transportation and service needs.
Details regarding the participating investors have not been publicly disclosed at this time.