Hypercraft

About Hypercraft

Hypercraft is a vehicle technology company operating at the intersection of commercial electric vehicle (EV) proliferation and advanced defense systems. Founded in 2019 by Jake Hawksworth, Jonathon Miller, and Dr. Eric Ream, the Utah-based firm initially aimed to build its own electric powersports vehicle but pivoted after identifying a market gap for complete, turnkey EV powertrain systems. Hypercraft's commercial business line serves a diverse B2B clientele, including automotive, motorsports, marine, and specialty vehicle manufacturers. Hypercraft provides these clients with complete, off-the-shelf electric drive systems that bundle motors, proprietary HyperPack batteries, software, and all necessary components, simplifying the path to electrification for smaller OEMs and custom builders. This approach enables manufacturers to bring electric products to market faster and more cost-effectively than developing propulsion systems in-house. Leveraging its expertise in rugged and high-performance environments, Hypercraft has established a significant defense division. This unit focuses on developing hardware-hardened, software-defined ground systems and hybrid-electric architectures for military applications. The company is building what it terms the "distributed ground operating layer," a unified platform designed for operational superiority in contested environments. Key features of its defense solutions include silent maneuverability, reduced thermal signatures, instant kinetic response with high torque, and the ability to act as a mobile power plant for exporting energy on the battlefield. Recently, Hypercraft demonstrated its 'Razorback' unmanned ground vehicle (UGV), which embodies this philosophy by combining a modular, software-defined architecture with a resilient hybrid-electric powertrain. The company's business model involves both the direct sale of its Razorback UGV and the licensing of its underlying 'Carbon Architecture' to other defense manufacturers. With a valuation of $51.5 million after a $6.5 million seed round in 2023, Hypercraft continues to expand its operations from its headquarters in Provo, Utah.