Hyliion Holdings has enough cash and investments to run its business through 2024 without raising new capital. The post Hyliion posts scant Q2 revenue but retains cash cushion appeared first on FreightWaves.
Hyliion gathers fleets to test natural gas-electric hybrid truck
Startup unbowed by stock collapse as it pursues negative net-zero carbon truck
0 5 2 minutes read Hyliion Holdings has formed a group of fleet, logistics and transportation companies to test its natural gas-electric hybrid Class 8 truck. (Photo: Hyliion Holdings)
The sell-off of electric vehicle startup stocks has been as brutal as their frothy days of only a few months ago.
Hyliion Holdings is one of the hardest-hit young companies. But it is pushing ahead with its plans for a natural gas-electric hybrid truck capable of emitting less than net-zero carbon. Its share price has fallen from nearly $55 just before it went public in October to close Wednesday at $10.86.