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    XL Hybrids tanks up on new funding

    XL Hybrids, a Brighton startup that provides electric-hybrid drive systems to commercial vehicle fleets, said Thursday that it had raised $22 million in new venture funding.

    The company’s latest round included investments by IKEA and the venture arm of energy giant Exelon Corp. XL Hybrids has now raised more than $50 million since it was founded by MIT alumni in 2009.

    The company counts among its customers the city of Boston, Coca-Cola, and Yale University. It says it can convert a conventionally powered vehicle to a hybrid in under six hours, providing huge fuel savings to fleet owners.

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    XL Hybrids plans to use the new investment to hire more people, develop new products, and grow its facilities.

    Andy Rosen can be reached at andrew.rosen@globe.com. Follow him on Twitter at @andyrosen.