Source: Hypercraft $26M Series A
source confidence: Medium status: Useful updated 2026-06-18
Summary
Hypercraft's June 3, 2025 announcement of a $26 million Series A round at a $106 million post-money valuation, led by Stalwart Ventures with a strategic investment from the Strategic Development Fund (SDF), an Abu Dhabi investment company wholly owned by EDGE Group PJSC.
Useful Claims
- $26 million Series A; $106 million post-money valuation.
- Led by Stalwart Ventures (Utah), described as the firm behind the largest early-stage venture fund raise in Utah's history.
- Strategic investment from SDF, wholly owned by EDGE Group PJSC (UAE state defense-technology conglomerate), which invests in dual-use and commercial technologies including defense, advanced mobility, autonomous systems, and robotics.
- Hypercraft, founded 2021 and based in Provo, builds software-defined hybrid and electric powertrains; a December 8, 2025 release names CEO Brian Bowers and a co-development agreement with Baker Engineering for defense hybrid-electric vehicles (not in this capture).
- Product pages list Titan and Pilot hybrid range-extender / auxiliary power units (kW ratings not in this capture).
Verbatim
"Hypercraft , a leading hybrid and electric powertrain supplier reshaping the future with its software-defined mobility operating system, announced today the completion of a $26 million Series A raise, with a post-money valuation of $106 million." — Press release, lead paragraph
"The financing was led by Stalwart Ventures , the venture capital firm credited for raising the largest early-stage venture fund raise in Utah's history." — Press release, body
"A strategic investment was made by Strategic Development Fund (SDF), an Abu Dhabi-based investment company wholly owned by EDGE Group PJSC. SDF supports mid to growth-stage companies in strategic industries, including technologies in defense and security, robotics and autonomous technology." — Press release, body
"Founded in 2021, Hypercraft believes in a future where innovators have greater access to the best mobility technologies." — Press release, "About Hypercraft"
Reliability Notes
Press-release sourcing. Funding figure and valuation are company-reported. The EDGE Group / SDF link is corroborated across multiple outlets and is the most consequential detail for anyone weighing defense IP-export and geopolitical considerations; it is reported, not independently audited. Customer and platform-count claims ("20+ platforms") originate with the company. The December 2025 Baker Engineering co-development release naming CEO Brian Bowers and the Titan T240 / Pilot P50 product specifications are not in this capture and remain uncorroborated by this document.