On June 23, 2021, Electra Vehicles, Inc. closed the transaction. The company announced that it has raised $3.6 million in a round of funding co-led by new investors Liftt S.P.A. and BlackBerry Limited (TSX:BB). The Transaction included participation new investors Club degli Investitori, Massachusetts Clean Energy Center, BGV Management, LLC, Prithvi Ventures LLC, Launchpad Venture Group, LLC, TiE-Boston and successful Angel investors.