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Hyliion
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Short description

Developer of electrified powertrains for commercial vehicles

Founded in 2015
Founded in

Company type Public Public (HYLN)
Company type

Industry Group transportation & logistics

Sector on-road vehicles

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

Ticker

Headquarters Cedar Park, TX Cedar Park, United States
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Parent Companies

Updated by Simone Liano at on 07/13/2016

Edited by Cleantech Group on 05/08/2024

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Date Company
02/24/2020

Penske Automotive Group Penske Automotive Group

Hyliion will provide three vehicles to Penske Group. The trucks feature Hyliion's 6X4HE Class 8 hybrid system, developed in partnership with Dana.

Confirmed by Penske Automotive Group

Partnerships
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Date Partner Type
06/29/2022
Cummins Cummins
Hyliion and Cummins partner to optimize the Cummins natural gas engine as the generator for the Hyliion Hypertruck ERX powertrain.
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Confirmed by Cummins
Technology Partner
Investment Rounds
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IPO INFORMATION

Date

10/01/2020

IPO status

Listed

IPO Type

SPAC

Amount

$560M

Initial shares

Ticker symbol

HYLN

Exchange listed

NYSE

Prospectus URL

Prospectus

Source URL

Source

Description

Hyliion plans to go public through a merger with Tortoise Acquisition Corporation.

Date Investors Type Amount
09/20/2017 Axioma Ventures Axioma Ventures (1)
Post-money valuation of
The financing will be used to fund Hyliion's production, product line expansion and for further investment in its proprietary technology platform.
Series A $21,000,000
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