AUSTIN, Texas – Electric powertrain specialist Hyliion has merged
with Tortoise Acquisition Corp., and will list on the New York Stock Exchange
under the symbol HYLN.
Hyliion says the move will assist its corporate expansion and advance
development of its powertrain solutions.
“We are building solutions that are available today
and address the immediate needs of today’s trucking fleets,” said Thomas Healy,
CEO and founder of Hyliion. “Hyliion’s solutions were specifically developed to
utilize existing infrastructure in an effort to support rapid technology
deployment. Our mission is to enable our fleet customers to quickly realize
lower carbon emissions and significantly lower cost of ownership benefits
provided by our technology.”
The company was founded in 2015 and offers hybrid
and fully-electric powertrain solutions. Healy will continue as CEO. Dana is
part-owner of Hyliion and will maintain its share of equity ownership.
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