Hyliion - About the company
Hyliion is a public company based in Cedar Park (United States), founded in 2015 by Thomas Healy. It operates as a Developer of AI-enabled electrified powertrain solutions for commercial vehicles. Hyliion has raised $46.1M in funding from investors like Axioma, Dana and Sumitomo. The company has 232 active competitors, including 44 funded and 27 that have exited. Its top competitors include companies like Sono Motors, TSUYO and Vitesco Technologies.
Company Details
Developer of AI-enabled electrified powertrain solutions for commercial vehicles. It offers various products like Hypertruck ex, Hybrid power train, and Battery solutions. The product uses an AI-enabled algorithm to optimize the performance of the vehicle. Its features include a battery pack, electric axle, thermal management system, and regenerative braking. It caters to tractor-trailers, trucks, and hybrid vehicles.
- Website
- hyliion.com
- Social
- Email ID
- *****@hyliion.com
- Phone Number
- +1 **********
- Registered Address
- Cedar Park, Texas
Key Metrics
Founded Year
2015
Location
Cedar Park, United States
Stage
Public
Total Funding
$46.1M in 10 rounds
Latest Funding Round
Ranked
1st among 232 active competitors
Employee Count
139 as on Sep 30, 2026
Similar Companies
Exit Details
Public
Legal entities associated with Hyliion
Hyliion is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
HYLIION, INC CIN: 5947200 , United States, Active | Jan 26, 2016 | $0 - $1M (As on Dec 31, 2023) | - | - |
HYLIION, INC. CIN: 811230166 , United States, Active | Dec 31, 1999 | - | 91 (As on Dec 31, 2024) | - |
Hyliion Holdings Corp. CIN: 83-2538002 , United States, Active | Jan 25, 2016 | - | 85 (As on Dec 31, 2023) | - |
Hyliion's IPO details
Hyliion got listed on Apr 23, 2019.
Click here to take a look at Hyliion's IPO in detail
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Hyliion's funding and investors
Hyliion has raised a total funding of $46.1M over 10 rounds. Its first funding round was on Apr 19, 2015. Its latest funding round was a Grant (prize money) round on Dec 23, 2024 for $*****. 1 investor participated in its latest round. Hyliion has 15 institutional investors.
Here is the list of recent funding rounds of Hyliion:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 23, 2024 | 9552077 | Grant (prize money) | 3167680 | 6116657 | 7060416 | 4323902 |
Aug 27, 2019 | 9552945 | Post IPO | 7563446 | 1433266 | 7325754 | |
Mar 07, 2019 | 3457015 | Series B | 1570365 | 5851983 | 5802719 |
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Hyliion's founders and board of directors
Founder? Claim ProfileThe founders of Hyliion is Thomas Healy.
Here are the details of Hyliion's key team members:
- Thomas Healy: Founder & CEO of Hyliion.
View details of Hyliion's Founder profiles and Board Members
Hyliion's employee count trend
Hyliion has 139 employees as of Sep 26. Here is Hyliion's employee count trend over the years:
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Hyliion's Competitors and alternates
Top competitors of Hyliion include Sono Motors, TSUYO and Vitesco Technologies. Here is the list of Top 10 competitors of Hyliion, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Hyliion 2015, Cedar Park (United States), Public | Developer of AI-enabled electrified powertrain solutions for commercial vehicles | $46.1M | 63/100 | |
2nd | Sono Motors 2013, Munich (Germany), Public | Developer of solar solutions for vehicle original equipment manufacturers | $120M | 67/100 | |
3rd | Platform offering motors for multi-category electric-three wheelers | $4.5M | 64/100 | ||
4th |  Vitesco Technologies 2018, Hannover (Germany), Acquired | Developer of powertrain system for multi-category vehicles | - | 62/100 | |
5th | Odyne Systems 2009, Pewaukee (United States), Series A | Electrification solutions for work trucks, reducing emissions and fuel costs | $8M | 58/100 | |
6th | Punch Powertrain 1972, Sint Truiden (Belgium), Acquired | Manufacturer of powertrains for electric vehicles | $42.2M | 58/100 | |
7th |  Ebusco 2010, Deurne (Netherlands), Public | Manufacturer of electric buses and energy storage systems for transport | - | - | 57/100 |
8th | ISE Corporation 1995, San Diego (United States), Acqui-Hired | Domain expired; Sedo parking page with domain renewal and WHOIS tools | $23.1M | 57/100 | |
9th | Manufacturer of electric vehicle powertrains and high-efficiency synchronous industrial motors | $17.6M | 55/100 | ||
10th |  ULEMCo 2014, Liverpool (United Kingdom), Series A | Manufacturer of hydrogen fuel systems for heavy duty transport equipment | $7.84M | 55/100 |
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Hyliion's Investments and acquisitions
Hyliion has made no investments or acquisitions yet.
Reports related to Hyliion
Here is the latest report on Hyliion's sector:
News related to Hyliion
Filter this listMedia has covered Hyliion for a total of 25 events in the last 1 year, 8 of them have been about company updates.
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Hyliion Holdings Corp. Faces Securities Class Action Lawsuit Over Alleged MisrepresentationsGlobeNewswire•Sep 29, 2026•Hyliion, Berger Montague, Robbins, Kaplan Fox and 2 others
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Robbins LLP Investigates Hyliion Holdings Corp. Securities FraudPR Newswire•Sep 17, 2026•Hyliion, Robbins, Kaplan Fox, Levi & Korsinsky and 4 others
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Hyliion Holdings Corp. Securities Class Action Lawsuit Alert - Lead Plaintiff Deadline October 27, 2026GlobeNewswire•Sep 01, 2026•Hyliion, Kaplan Fox, Rosenlegal
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Hyliion Holdings Corp. Securities Fraud Lawsuit Filed by The Rosen Law FirmPR Newswire•Aug 29, 2026•Rosenlegal, Hyliion, Kaplan Fox
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Hyliion raises 2026 revenue guidance to about $15M following $41.7M U.S. Navy contract (NYSE:HYLN)Seeking Alpha•Aug 12, 2026•Hyliion
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Hyliion Holdings GAAP EPS of -$0.08 in-line, revenue of $4.94M beats by $2.54M (NYSE:HYLN)Seeking Alpha•Aug 11, 2026•Hyliion
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ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Hyliion Holdings Corp. Investors to Inquire About Securities Class Action Investigation - HYLNAccess Newswire•Aug 11, 2026•Rosenlegal, Hyliion
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Hyliion Successfully Demonstrates Multiple KARNO Power Modules Operating as a Single Scalable Power PlantBusiness Wire•Aug 03, 2026•Hyliion
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