Hyliion (NYSE: HYLN) is creating an add-on hybrid module for tractor trailers that reduces fuel consumption. Hyliion's patented technology can be used on new or existing vehicles. Requiring no driver training, Hyliion products provide a positive return to fleets and the environment instantly. It was founded in 2015 and is based in Cedar Park, Texas.
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Expert Collections containing Hyliion
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Hyliion is included in 1 Expert Collection, including Auto & Mobility Tech.
Auto & Mobility Tech
Companies developing battery electric vehicles (BEVs) and fuel cell vehicles (FCEVs) as well as companies working on improvements to battery design, building out charging infrastructure, and launching EV sharing services to help accelerate adoption.
Hyliion has filed 1 patent.
Piston engine configurations, Engine technology, Cooling technology, Photovoltaics, Compact cars
Piston engine configurations, Engine technology, Cooling technology, Photovoltaics, Compact cars
Latest Hyliion News
Nov 30, 2022
11/30/2022 | 08:04am EST Message : NYSE to celebrate 99th annual Christmas tree lighting on November 30th November 30 – Hyliion Holdings Corp . (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced that it has successfully delivered the New York Stock Exchange’s iconic Christmas tree for the 99th annual lighting ceremony, which will take place this evening, November 30th, from 2 pm – 6 pm ET. The NYSE Christmas tree has been a downtown New York mainstay since 1923. This is the first time an electric semi-truck has delivered the 18,000-pound Norway Spruce to the NYSE site in the city’s Financial District. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221130005378/en/ (Photo: Business Wire) The Hyliion Hypertruck ERX , an electric powertrain that is recharged by an onboard natural gas generator, transported the approximately 80-foot tree from West Nyack, NY to Experience Square outside the exchange, where it will stay through the 2022 holiday season. “This holiday season, Hyliion is pleased to continue its collaboration with the New York Stock Exchange by being part of this time-honored tradition and delivering some holiday cheer to Experience Square. The NYSE’s choice of Hyliion to transport the tree reflects the exchange’s focus on ESG and strong support for the sustainability initiatives of its community of listed companies,” said Thomas Healy, CEO of Hyliion. “As the Hypertruck ERX powertrain moves towards production in 2023, Hyliion is deploying a series of vehicles in controlled fleet trials with some of the nation’s leading fleets. The semi-truck used to move the Christmas tree is one of these demo vehicles and now will continue to be showcased with fleets across the country," continued Healy. “We were thrilled to see Thomas Healy pull up to 11 Wall Street and personally deliver this year’s NYSE Christmas tree in an electric truck, underscoring Hyliion’s commitment to building a sustainable future,” said Lynn Martin, President of the New York Stock Exchange. “At a moment when ESG is gaining increased attention, Hyliion told its story through action and helped to kick off our holiday celebration in a powerful way.” This year marks the NYSE’s 99th annual Christmas tree lighting. The event will feature artists, organizations, and NYSE-listed companies, gathering to celebrate the New York City community and the season of giving. About Hyliion Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops, and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial trucks, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com . Forward Looking Statements The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, Hyliion’s ability to disrupt the powertrain market, Hyliion’s focus in 2022 and beyond, the effects of Hyliion’s dynamic and proprietary solutions on its commercial truck customers, accelerated commercialization of the Hypertruck ERX™, the ability to meet 2022 and future product milestones, the impact of COVID-19 on long-term objectives, the ability to reduce carbon intensity and greenhouse gas emissions, the expected performance and integration of the KARNO generator and system, and the other risks and uncertainties set forth in “Risk Factors” section of Hyliion’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 24, 2022 for the year ended December 31, 2021. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov , and readers are urged to carefully review and consider the various disclosures made in such filings. View source version on businesswire.com: https://www.businesswire.com/news/home/20221130005378/en/ © Business Wire 2022
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Hyliion Frequently Asked Questions (FAQ)
When was Hyliion founded?
Hyliion was founded in 2015.
Where is Hyliion's headquarters?
Hyliion's headquarters is located at 1202 BMC Drive, Cedar Park.
What is Hyliion's latest funding round?
Hyliion's latest funding round is Corporate Minority - P2P.
How much did Hyliion raise?
Hyliion raised a total of $29.78M.
Who are the investors of Hyliion?
Investors of Hyliion include General Electric, Tortoise Acquisition, Paycheck Protection Program, Dana Incorporated, Axioma Ventures and 5 more.
Who are Hyliion's competitors?
Competitors of Hyliion include Optimus Technologies and 2 more.
Compare Hyliion to Competitors
Optimus Technologies is a provider of high-performance biodiesel conversion solutions that utilize biodiesel and diesel for medium- and heavy-duty truck fleets. With Optimus, fleet operators have the simplest way to significantly reduce fuel costs and emissions, while addressing renewable fuel targets.
Tesla (NASDAQ: TSLA) is an automaker and energy storage company that designs and sells highway-capable electric vehicles. It also sells patented power train components to other automakers, including the battery pack and charger for the electric Smart, built by German carmaker Daimler. Tesla sells its cars both online and via showrooms in major metropolitan areas.
Ayro builds all-electric, plugin, zero-emission vehicles.
Rivian develops an integrated portfolio of electric vehicles, technologies and services with a focus on developing an all-electric pickup truck. Its battery packs are designed to be easily removed from its vehicles and either recycled or used in "second life" applications such as stationary storage. The interiors of its vehicles are made from 100% animal-free materials with mid-life repairability and end-of-life recyclability planned into the design. Dunnage containers at its plant are reusable and made from plastics harvested from the ocean.
Canoo is a mobility company that is building electric vehicles made for a subscription. It produces four vehicles: lifestyle, ride-share, delivery, and commuter.
Fisker is an e-mobility and technology company developing electric vehicles and proprietary solid-state battery technologies.
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