Hyliion develops an electrification solution that instantly hybridizes Class 8 vehicles by adding an intelligent electric drive axle. The product targets long-haul, over-the-road trucking and can be retrofitted onto existing trucks or installed on new vehicles. Its technology focuses on reducing fuel consumption and emissions. The company is led by CEO Thomas Healy and was founded in 2015. Hyliion is based in Pittsburgh, PA. Management says it will use new funding to support production, expand its product line and further invest in its proprietary technology platform.

Total raised

$21M

Funding rounds

1

Latest round

Series A

Latest activity

Sep 2017