The Hybrid Shop, which offers a franchised hybrid and electric vehicle battery conditioning and vehicle maintenance system, said that it has closed on an equity investment by a Northern Virginia investment firm that manages more than $4 billion in assets. The unnamed investment firm now owns 38% of The Hybrid Shop.

The Hybrid Shop plans to utilize this investment to support its ongoing organizational growth, bolster the operational resources and support available to their current network, and continue to build-out its national high quality network of ‘all things hybrid’ service centers.

“We are proud to announce this investment by a leading, multi-billion dollar firm,” said The Hybrid Shop CEO Dave Crawford. “The fact that a multi-billion dollar investment fund would want to invest in an early stage company serves as affirmation of our brand, business model and future potential, as well as recognition of our success to-date in our ongoing efforts to achieve a position of innovation and fast-growth in the rapidly-evolving hybrid and electric space.”