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Superlight Raises $21M for Middle Mile Electric Trucks

Key Points
  • Superlight raised an oversubscribed $21 million Series A to build electric trucks designed specifically for middle mile logistics.
  • The round was co-led by Engine Ventures and 2150, bringing the company's total funding raised to date to $33 million.
  • Superlight will finish its UK factory, begin sales across the UK and EU, and prepare for US market entry.
June 23, 2026
Superlight co-founders Noamaan and Sheban Siddiqi
Credits: 2150

Funding details

Superlight is a commercial electric vehicle manufacturer that builds trucks for the middle mile, the stage of delivery that moves goods between regional warehouses and local sorting centers. The company was founded by Noamaan and Sheban Siddiqi. Its plan is easy to state. Rather than fit electric parts into a frame designed for diesel engines, the company builds each truck as an electric vehicle from the first sketch.

Demand for this kind of delivery is rising. Middle mile logistics covers the movement of goods between regional distribution centers and local sorting facilities. The global middle mile delivery market is expected to reach about $137.97 billion in 2026, up from roughly $125 billion the year before, according to Research and Markets. One reason is overnight delivery. As shoppers expect packages faster, distribution centers move closer to cities, and that raises the pressure on every kilometer a truck travels.

Superlight has now raised an oversubscribed $21 million Series A. Oversubscribed means investors offered more money than the company planned to raise. The round was co-led by Engine Ventures and 2150, and it brings total funding to $33 million. The money has a clear purpose. Superlight will finish building its UK manufacturing facility, complete early sales across the UK and EU, and prepare vehicles for testing before it enters the US market.

Why electric truck investment skipped the middle mile

For years, most money in commercial electric vehicles went to the two ends of the supply chain. The first mile, handled by large tractor trailers and 18-wheel semis, drew heavy spending. So did the last mile, served by light vans and cargo bikes. The middle was mostly left alone. Many middle mile trucks still use designs carried over from diesel models, which limits how much they can haul and how little energy they can use.

That gap is starting to close as the wider electric truck market grows. One forecast from Mordor Intelligence expects the global electric truck market to rise from about $19 billion in 2026 to more than $70 billion by 2031, helped by stricter emission rules and falling battery prices. Companies that cut running costs without giving up cargo space stand to benefit. This is where Superlight competes.

"Superlight is on a mission to modernize commercial trucks, a crucial component of modern society that has experienced surprisingly little innovation in nearly a century," said Israel Ruiz, President and General Partner at Engine Ventures. "By replacing legacy manufacturing and driving mechanics with a new architecture, the company has an opportunity to deliver massive performance, safety, efficiency and cost improvements to brands, fleet owners and transport companies, while at the same time wiping out particulate matter emissions."

How Superlight plans to use the funding

The funding gives Superlight a short list of near-term goals. Two of them are about Europe. The first is to finish its manufacturing facility in the UK, which the company describes as a digital-first and AI-native production system. In plain words, that means a factory that runs on software and automation. The second is to make its first commercial sales across the UK and the European Union.

Further ahead, the company is preparing for the United States. Superlight plans to provide federalized vehicles, which are trucks adapted to meet US safety and regulatory standards, so customers there can begin testing them. This is its first step into the US market. It already keeps offices in Seattle, Washington.

There is some record behind the plan. Superlight says it has logged more than 500,000 kilometers of powertrain mileage, including commercial pilots of its OV-1 truck in the UK with major e-commerce and ground handling providers. That real-world data gives it a base to work from as it increases production.

How Superlight built the OV-1 electric truck

Superlight was founded in 2016. The company builds commercial electric vehicles for the middle mile, using aerospace design ideas and a structure led by software. Its main product is the OV-1, a modular and customizable electric truck built on a clean-sheet design, created from a blank page and built around the strengths of electric power.

The company reports specific performance figures for the OV-1. It says the truck offers 50% more cargo capacity at 50% less energy expense than 7.5-tonne competitors, and generates 73% in energy cost savings per pallet per kilometer. Superlight also points to two software systems. SuperVisor is a digital twin of its factory, a live computer model that tracks production time and predicts quality problems before they happen. A second system reads sensor data from each truck to improve performance and driver behavior. The people behind this work bring experience from Bentley Motors, DENSO, Porsche, and Microsoft, and the company has built more than 70 inventions of its own into the platform.

"By harnessing the inherent advantages of electric propulsion and software-centric manufacturing, we're flipping the economics of commercial EVs, unlocking massive cost savings that also happen to provide significant environmental benefits," said Noamaan Siddiqi, co-founder and CEO of Superlight. "Our purpose-built EV platform enables transformative performance and safety advantages that can't be duplicated by retrofitting electric into legacy trucks. And unlike many manufacturers, Superlight owns the entire chain of designing, building and delivering its EVs, which allows us to provide unique vehicle features to continually optimize for innovation and efficiency."

Superlight is headquartered in the UK, with additional offices in Seattle.

The investors behind Superlight's Series A

The Series A was co-led by Engine Ventures and 2150. Their support lifts Superlight's total funding to $33 million to date. Both firms share one bet. They expect a truck designed for electric power from the start to beat converted diesel models on running cost and on energy efficiency.

Investor interest in cleaner freight is growing. The round fits that wider pattern, as more backers look for commercial transport that can lower operating costs and cut emissions at the same time.

Funding details

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