Hyliion Holdings Corp
NYSE:HYLN
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Hyliion Holdings Corp
Hyliion Holdings Corp. manufactures hybrid and electric powertrains for trucks. The company is headquartered in Cedar Park, Texas and currently employs 200 full-time employees. The company went IPO on 2019-03-04. The firm is focused on reducing the carbon intensity and greenhouse gas emissions (GHG) emissions of the transportation sector by providing electrified powertrain solutions for Class 8 commercial vehicles. The company utilizes its battery systems, control software and data analytics, combined with fully integrated electric motors and power electronics, to produce electrified powertrain systems. The company offers two different product lines: a Hybrid system, which is designed as an add-on to electric powertrain to trucks which can augment power needs, and the Hypertruck, which is a complete powertrain option that is fully electric drive and uses an onboard generator to recharge the batteries as the vehicle is in operation. The company sells Hybrid eX version of its Hybrid product and are developing its Hypertruck electrified powertrain systems for long-haul Class 8 commercial vehicles.
Hyliion Holdings Corp. manufactures hybrid and electric powertrains for trucks. The company is headquartered in Cedar Park, Texas and currently employs 200 full-time employees. The company went IPO on 2019-03-04. The firm is focused on reducing the carbon intensity and greenhouse gas emissions (GHG) emissions of the transportation sector by providing electrified powertrain solutions for Class 8 commercial vehicles. The company utilizes its battery systems, control software and data analytics, combined with fully integrated electric motors and power electronics, to produce electrified powertrain systems. The company offers two different product lines: a Hybrid system, which is designed as an add-on to electric powertrain to trucks which can augment power needs, and the Hypertruck, which is a complete powertrain option that is fully electric drive and uses an onboard generator to recharge the batteries as the vehicle is in operation. The company sells Hybrid eX version of its Hybrid product and are developing its Hypertruck electrified powertrain systems for long-haul Class 8 commercial vehicles.
Revenue: Hyliion reported Q4 2025 revenue of $700,000, all from R&D services, and full-year 2025 revenue of $3.5 million.
Commercialization Progress: The KARNO power module is nearing UL certification; commercialization is targeted for late 2026, with about 10 early adopter units to be deployed, including to the U.S. Navy and commercial customers.
Product Performance: KARNO modules have demonstrated 175 kilowatts in testing and are expected to reach the full 200-kilowatt design rating by year-end.
Military & Data Center Focus: Significant interest from military and data center customers, with $40–50 million in potential new military contracts and nearly 500 units under nonbinding letters of intent.
Manufacturing & CapEx: The company operates over 30 additive manufacturing machines, focusing on increasing throughput rather than expanding the fleet in 2026.
Financial Outlook: Hyliion expects about $10 million in 2026 revenue, net spending just over $50 million, and a year-end cash/investment balance of approximately $100 million.
Strategic Partnerships: New partnership with ABM Industries will help deploy integrated distributed energy solutions and support commercial growth.
