Hyliion is developing an add-on hybrid system for semi trailers that will reduce their total fuel consumption and give an ROI of less than one year. In addition, it will improve the driver’s quality of life as well as reduce harmful greenhouse gas emissions.
The biggest pain point in the trucking industry is fuel consumption, with nearly 40% of operating costs going toward fuel alone. Hyliion’s Intelligent Electric Drive Axle System uses regenerative braking to capture power when the vehicle is slowing down or going down hill and reuses it to accelerate.
With the Hyliion System, we are adding power and technology to the trailer, which is traditionally a passive system. This allows us to tackle other issues in the trucking industry with the same great product. We can give power to the truck while it is parked in a rest area so that the driver can turn his diesel motor off and finally get a good night's sleep.
Location: United States, Texas, Cedar Park
Employees: 51-200
Phone: +1 833-495-4466
Total raised: $21M
Founded date: 2015
Investors 3
Funding Rounds 1
| Date | Series | Amount | Investors |
| 20.09.2017 | Series A | $21M | - |
Mentions in press and media 11
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| 25.08.2022 | GE Is Taking a Stake in the EV Business With Sale of Technol... | General Electric is selling generator technology to an electric-vehicle start-up and will become a s... | barrons.co... |
| 08.06.2022 | A Stronger Future Through Collaborative Innovation | Dear MassChallenge Community, It is with a great sense of excitement that I (officially) step int... | masschalle... |
| 14.02.2018 | Electric Hybrid Trucking Company Hyliion Moves Headquarters ... | And now it’s gotten even bigger with Hyliion, a hybrid electric trucking company, moving its headq... | siliconhil... |
| 05.10.2017 | Hyliion Receives Investment from Sumitomo and Axioma Venture... | Hyliion, a Pittsburgh, PA-based instant Class 8 vehicle hybridizing company, received an investment ... | finsmes.co... |
| 21.09.2017 | Term Sheet — Thursday, September 21 | FOOD WARS Good morning, Term Sheet readers. Paid Content Why every industry needs enterprise A.I.—... | fortune.co... |
| 20.09.2017 | Hyliion Raises $21 Million in Series A Funding Led by Axioma | Hyliion, the instant Class 8 vehicle hybrizing company announced today a Series A investment of $21 ... | citybizlis... |
| 20.09.2017 | Hyliion Inks $21M Series A Round | PITTSBURGH, PA, Hyliion, the instant Class 8 vehicle hybrizing company announced today a Series A ... | vcnewsdail... |
| 20.09.2017 | Hyliion Raises $21M in Series A Funding | Hyliion, a Pittsburgh, PA-based instant Class 8 vehicle hybrizing company, raised $21m in Series A f... | finsmes.co... |
| - | Hyliion Reports Fourth Quarter 2020 Financial Results | AUSTIN, Texas--(BUSINESS WIRE)--Feb 23, 2021-- Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), par... | oaoa.com/n... |
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