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Retrofit & Refurbishment

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Venture Capital

ZEVx raises over USD20m, appoints new CEO and board members

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By Bradley Osborne - 24th March 2023

USA – ZEVx Inc, a retrofit firm based in Gilbert, Arizona, announced on 16 February that it raised over USD20m in the first tranche of a funding round led by Texas-based Reynolds Capital, the investment arm of dealership software firm The Reynolds and Reynolds Company.

Following the funding round, ZEVx appointed two new board members from Reynolds and Reynolds: David L Shimek and Sidney Haider. They join company chairman Kevin J Kennedy as new additions to the board. ZEVx also announced the appointment of a new CEO, Don Listwin, to replace co-founder Carolyn Maury who stepped down to the roles of CFO and CAO.¹

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