In addition to offering Hyliion and its customers discounted natural gas pricing, ANG agreed to provide up to 100 percent RNG across its national network of fueling stations. Using RNG, the Hypertruck ERX is an electric solution for Class 8 vehicles that offers a net-negative carbon emissions profile and the lowest total cost of ownership over the life of the vehicle compared to current competitive offerings. He learned the mechanics behind the machines and began devising electric drivetrains in his dorm room at Carnegie Mellon, where he was also starting punter for the CMU Tartans football team. According to SEC filings, Healy will be the biggest shareholder, with 22.9% of the company, or 34.97 million shares, worth nearly $1.5 billion. natural gas-powered HyperTruck ERX electric systems.

The business relocated to Austin in 2018.

Other big winners include Howard Jenkins, of the billionaire Publix supermarket fortune, whose Axioma Ventures holds about 13% of the pro forma Hyliion equity, worth about $700 million. “A robust and highly scalable infrastructure is critical to the adoption of our electrified solutions,” said Thomas Healy, CEO and founder of Hyliion.

Agility preorders 1,000 Hyliion hybrid-electric trucks, SPAC shareholders approve Hyliion reverse merger, Hyliion’s secret sauce isn’t electricity, it’s managing its use, Click for more FreightWaves articles by Alan Adler, Your email address will not be published. ANG’s team of industry, legal, construction, engineering and entrepreneurial experts is committed to driving the alternative fuel industry forward.

Click the "CC" button in the bottom right to activate while programming is live. Through the partnership agreement, ANG will provide Hyliion’s qualifying Hypertruck ERX customers with a fueling station upon request at no upfront capital cost to the fleet.

ANG operates 58 stations in 17 states and has more than 200 fleet customers. “We saw a lot of aspirational business plans . According to the manufacturer, the system can reduce fuel usage,... 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. A wholly owned subsidiary of Hyliion Holdings Corp. (NYSE: HYLN), Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of commercial transportation Class 8 vehicles by being a leading provider of electrified powertrain solutions. Hyliion will join the public markets this week. Hyliion’s powertrain offers more horsepower and torque and promises 0 mph to 60 mph in 20 seconds, while hauling 80,000 lbs. Dana also makes the integrated electric driveline for the ERX. “Do you want engineers designing the hinge or the latch or do you want them designing the battery management system and the algorithm.” Existing truck makers already had big factories and happy customers.

With more than 700 stations nationwide operated by ANG and other fueling providers, the natural gas refueling infrastructure supports the needs of long-haul fleets without the range anxiety impacting other commercial electric vehicle solutions in development. Replacing the diesel engine is a bank of electric batteries, which are charged via onboard generators that run on tanks of compressed natural gas. Meanwhile, total shares outstanding will swell to 161 million.

You must click the activation link in order to complete your subscription. And then there’s the curious case of makeup mogul Kylie Jenner, who at age 22 has been on and off our list in the past year. For more information, visit www.beyond6.com. Alan Adler is a Detroit-based award-winning journalist who worked for The Associated Press, the Detroit Free Press and most recently as Detroit Bureau Chief for Trucks.com. Instead, they raise capital to finance the acquisition of other businesses.

If you experience any issues with this process, please contact us for further assistance. Under the partnership agreement, ANG will provide Hyliion’s qualifying Hypertruck ERX customers that run each of their trucks at least 100,000 miles a year with a fueling station upon request. Hyliion Holdings Corp. (NYSE: HYLN) is partnering with natural gas fuel and station developer American Natural Gas (ANG) to build additional infrastructure and sell discounted renewable natural gas to Hyliion customers. Ryan Laskey, senior vice president of commercial vehicle drive systems at Dana, says he’s been impressed at Healy’s commercial focus. The Daily Dash: TRATON to acquire Navistar; early earnings disappoint, CP to own Detroit River Rail Tunnel in $312M deal, The Daily Dash: Last-mile event coverage and under-21 driver pilot program, The Daily Dash: Hyliion goes public; Uber Freight lands $500M investment, Hyliion CEO draws distinctions with besieged Nikola. When Thomas Healy was selected for the Forbes 30 Under 30 list in 2017, his startup, Hyliion, was still in the early stages of developing an innovation he called the “e-axle”—that’s an electrified axle, powered by lithium-ion batteries, that ... Former White House Chief of Staff and Secretary of Transportation brings extensive logistics industry experience AUSTIN, Texas–(BUSINESS WIRE)–Following its announced agreement to merge with Tortoise Acquisition Corp. (TortoiseCorp) (NYSE... Tortoise Acquisition Shareholders Just Approved Its Merger With Hyliion, Forget Tesla’s Battery Day, These EV Stories Are More Important, As Electric Truck Startup Hyliion Goes Public, Founder Is Set To Be America’s Youngest Self-Made Billionaire, The Answer to the Electric-Car Conundrum Isn’t Elon Musk, Where hybrid technology fits into fleet emissions plans, A new electric-truck stock is hitting the market, Idealease Takes Hyliion, Dana Hybrid Class 8 on a Tour, 5 Hyliion questions with former DOT Secretary Andy Card, How Hyliion’s Under-30 CEO Aims To Compete With Tesla And Nikola In The Electric-Powered Big Rig Revolution, Hyliion Announces Andrew H. Card Jr. to Join Board.

ANG’s mission is to make renewable natural gas and other alternative energy options readily available for commercial and public use nationwide. PITTSBURGH — Hyliion Inc.'s merger with a special purpose acquisition company officially closed the afternoon of Oct. 1, clearing the way for the shares of the Austin-headquartered trucking technology company to begin trading on the New York Stock Exchange on Oct. 2. How’d he get this far? Furthermore, the combo of a CNG generator plus a modest load of batteries gives the truck long range without having to compensate for massive battery weight. Required fields are marked *. Studying mechanical engineering, Healy developed the “e-axle”—that’s an electrified axle, powered by lithium-ion batteries, that could be incorporated into the drivetrain of a traditional Class 8, long-haul truck. After that, the ticker symbol will change from SHLL to HYLN, and the new company will get $560 million cash with which to build out Healy’s vision for the future of electrified heavy-duty trucks. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Local elementary school closing for two weeks after 5 staff members test positive for COVID-19, By Mike Cronin – Staff Writer, Austin Business Journal, Bob D'Angelo, Cox Media Group National Content Desk, Brianna Chambers, Cox Media Group National Content Desk, Jared Leone, Cox Media Group National Content Desk, In-person learning starts back up Monday in at least 5 local school districts, Need a new home? Automotive parts giant Dana Inc. in March 2019 made an equity investment into Hyliion, and together they are manufacturing and marketing the device to Dana’s slate of customers, including truck giants Volvo, Navistar and Peterbilt. If Healy started Hyliion in 2015, when he was still a student at Carnegie Mellon University in Pittsburgh. There are already 20 trucks operating with Hyliion’s electric powertrains, built via ventures with Dana Corp. and Volvo. Assuming this is a fait accompli, and given 161.6 million pro forma shares outstanding, the implied equity market cap of the new Hyliion comes to an impressive $6.7 billion. “That’s why we’re working with ANG to reduce costs and enable us to offer our customers refueling stations where they are needed.”. All of ANG’s stations are built with the compression needed to sustain short refuel times for Class 8 vehicles equivalent to those of diesel refueling.

hyliion@redfancommunications.com.

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