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 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 39 patents.
Hybrid electric cars, Bus chassis, Compact cars, Articulated buses, Bus manufacturers
Hybrid electric cars, Bus chassis, Compact cars, Articulated buses, Bus manufacturers
Latest Hyliion News
Jan 25, 2023
01/25/2023 | 07:16am EST Message : *Required fields Hyliion Holdings Corp . (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced that DSV has placed an initial order for 10 Hypertruck ERX™ units to be deployed in its North American road freight business. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230125005096/en/ (Photo: Business Wire) With a focus on reducing its carbon footprint and offering lower-emission solutions to meet customer demand, DSV will implement the electrified powertrain technology across its Pan-American routes. “A global leader not only in logistics but also sustainability initiatives, DSV’s investment in Hyliion technology shows that excellent customer service and ambitious carbon emissions reduction goals don’t have to be mutually exclusive,” said Thomas Healy, Founder and CEO of Hyliion. “I’m thrilled that DSV will be incorporating Hypertruck ERX units into its North American operations, and I look forward to seeing the impact they will have in advancing the organization’s low-carbon initiatives,” Healy added. “We view this initiative as the beginning of our long-term ambitions to reduce our emissions across our road freight business. The 10 units we have ordered through the early adopter’s program is a fantastic start but not the goal in and of themselves. They are a step in the right direction in terms of testing and seeking the optimal solutions for the planet, our customers, and our company. And in combination with our plan to begin adding alternative fuel vehicles to our short-haul fleet, this initiative marks the first step in helping us realize our 2030 goals,” said Robert Greene, President of DSV Road US. Hyliion will begin delivery of the Hypertruck ERX units to DSV during the first quarter of 2024. Expecting a successful trial period, DSV has placed an option for 10 additional trucks to be delivered in 2024. 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/20230125005096/en/ © Business Wire 2023
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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