What is HYLIION?
Headquartered in Cedar Park, Texas, HYLIION is dedicated to transforming the commercial transportation industry by providing electrified powertrain solutions designed for integration into most major Class 8 commercial trucks. The company's mission is to substantially decrease the carbon footprint and greenhouse gas emissions associated with heavy-duty trucking. HYLIION's approach aims to drive environmental impact at scale, positioning itself as a key player in the electrification of commercial fleets.
How much funding has HYLIION raised?
HYLIION has raised a total of $348.4M across 5 funding rounds:
Unspecified
$100K
Debt
$2M
Series A
$21M
Debt
$350K
Share Placement
$325M
Unspecified (2015): $100K with participation from MassChallenge
Debt (2017): $2M, investors not publicly disclosed
Series A (2017): $21M supported by Colle Capital and Axioma Ventures
Debt (2020): $350K featuring PPP
Share Placement (2020): $325M, investors not publicly disclosed
Key Investors in HYLIION
Colle Capital
Colle Capital Partners is a global early-stage technology venture fund that focuses on investing in innovative entrepreneurs and their bold ideas. The fund emphasizes the importance of data for measuring and managing investments while encouraging agility in a competitive environment. They support a diverse portfolio of companies across various sectors, including artificial intelligence, healthcare, and transportation.
MassChallenge
MassChallenge is an organization dedicated to accelerating solutions in various sectors including Healthcare & Life Sciences, Security & Resiliency, Sustainable Food Systems, Climate, and Global Financial Systems. They provide support to founders through proven programs that enhance access, insight, and relationships necessary for startup growth.
Axioma Ventures
Axioma Ventures is an investment firm that participates in funding rounds. Their specific investment focus or sector specialization is not detailed in the provided data, but their involvement suggests a strategic interest in the company's growth potential.
What's next for HYLIION?
The substantial enterprise-level funding and recent strategic investment signal a strong market endorsement for HYLIION's vision and technology. This capital infusion is poised to fuel the company's expansion, likely enabling accelerated research and development, scaling of manufacturing capabilities, and broader market penetration. HYLIION's strategic focus on electrifying Class 8 trucks positions it to capitalize on increasing regulatory pressures and industry demand for sustainable logistics solutions, suggesting a trajectory towards significant growth and influence in the green transportation ecosystem.
See full HYLIION company page
