Windrose Electric is seeking a U.S. public listing as the electric truck startup looks to expand its presence in the heavy-duty freight market and compete with established manufacturers bringing battery-electric Class 8 trucks to fleets. The company is aiming to raise more than $200 million through a U.S. special purpose acquisition company deal by the end of the year, according to recent reporting. The transaction would value Windrose at more than $2 billion as the company works to scale production and customer deliveries in North America, Europe, South America, and Asia. Windrose was founded in 2022 and is headquartered in Belgium, with much of its workforce in China. The company has begun exporting heavy-duty electric trucks to the U.S. and has positioned its Global E700 as a long-haul electric truck option for commercial freight operators. The Global E700 is reported to have a 416-mile range and a price of $285,000. Windrose says the truck is designed for commercial freight use and lists a loaded range of 700 kilometers, or about 435 miles, on its website. Windrose faces several hurdles as it expands in the U.S., including tariffs on imported vehicles and components, a limited deployment track record, and a competitive field that includes Tesla, Daimler Truck, Volvo Trucks, Peterbilt, and other established truck makers. The company reportedly paid a 64% duty on its first China-made electric truck imported into the U.S., while also facing additional tariffs on Chinese components. Windrose has deployed 36 trucks globally and plans to produce 1,000 units for delivery across four regions by the end of the year, according to recent reporting. Earlier this year, the first U.S.-bound Global E700 was delivered to Texas logistics firm Allogic and charging partner Greenspace E-Mobility through Windrose’s American partner.