Hyliion will join the public markets this week. On Monday, shareholders of Tortoise Acquisition Corp. , a special-purpose acquisition company, or SPAC, approved a merger with the Texas-based battery-powered heavy-duty truck company. That wasn’t a surprise. The deal was well received by investors, who have...
Tesla's (NASDAQ:TSLA) much-anticipated "Battery Day" came and went last week, with initial investor reaction indicating the event did not live up to the hype. Or perhaps better to say, Tesla reconfirmed what we already knew: Battery technology is a huge challenge for electric vehicle (EV)...
If all goes according to plan, Thomas Healy, 28, will become America’s youngest self-made billionaire next week when shareholders of publicly traded Tortoise Acquisition Group vote September 28 to acquire Hyliion, the Austin-based heavy-duty electric truck company that Healy founded. After that, the ticker symbol...
Many American drivers are still reluctant to buy pricey battery-powered vehicles. So what’s driving the current hype? Bulk buyers committing to hundreds of thousands of workaday electric cars and trucks. Electric vehicles have long posed a chicken-or-egg conundrum for auto executives. Buyers too often find them to...
Emissions regulations are coming, especially in California where the emissions goals are the most aggressive. While fully electric trucks begin to roll out, increased interest in other powertrain options such as natural gas and hybrid technologies have gained fleet interest. Hyliion, one of the industry’s hybrid...
Special purpose acquisition company Tortoise Acquisition Corp. and electric truck company Hyliion will vote on their merger on Sept. 28, meaning there will likely soon be another EV player on the market, according to a recent filing with the Securities and Exchange Commission. The companies announced their intention...
Hyliion Inc. and Dana Incorporated recently launched a national program with truck leasing, rental and maintenance company Idealease to demonstrate Hyliion’s Hybrid Diesel Powertrain. According to the manufacturer, the system can reduce fuel usage, decrease greenhouse gas emissions, improve performance, and reduce operating costs for fleets,...
As a former transportation secretary and later White House chief of staff for President George W. Bush, Andy Card could have his pick of corporate directorships. So why choose hybrid-electric powertrain startup Hyliion Inc.? The answer is 28-year-old CEO Thomas Healy. Card encountered Healy in 2016 at...
Hyliion has debuted an electric powertrain in a Class 8 tractor that the company says features a range of more than 1,300 miles and doesn’t require charging infrastructure thanks to an onboard generator. The Texas-based company is powering the electric motors of its Hypertruck Electric Range...
A special purpose acquisition company (SPAC) is commonly referred to as a "blank check" company because investors essentially write a check to a publicly traded shell company whose sole intent is to go shopping for a private company and in effect bring it public via...