HYLN - Hyliion Holdings Corporation - Ordinary Shares - Class A
Region: US
Website: hyliion.com
Employees: 241
IPO year: -
Issue type: Common Stock
Market: NYSE
Industry:
Sector:
for the long-haul trucking market which faces large diesel costs, hyliion is developing an add-on hybrid system for semi trailers that will reduce their total fuel consumption by over 30%, giving 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 smart suspension system uses regenerative braking to capture power when the vehicle is slowing down or going down hill and reuses it to accelerate. with the smart suspension system we are adding power and technology to the trailer, which is traditionally a passive system. this allows us to tackle multiple other issues in the trucking industry with the same great product. we can give power the truck while it is parked in a rest area so that the driver can turn his diesel motor off, save over 13% in fuel, and finally