# Source: Hypercraft $26M Series A

**Type:** source
**Status:** Useful
**Confidence:** Medium
**Source Type:** Press Release
**URL:** https://utah.vc/p/hypercraft-raises-26m
**Publisher:** Hypercraft, Inc. (via ACCESS Newswire / Utah.VC)
**Accessed:** 2026-06-18
**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.
- Product pages list Titan T240 (240 kW) and Pilot P50 (50 kW) hybrid range-extender / auxiliary power units.

## 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.

## Related Pages

- [Hypercraft](hypercraft.md)