Hyliion

It’s all in the numbers for Nikola

Three numbers tell the desperate state of fuel cell truck maker and hydrogen fuel provider Nikola. Dozens of others apply, but these three suggest the clock is ticking faster on whether the company can survive.

Was this newsletter forwarded to you? Click here to subscribe and get Truck Tech delivered to your email on Fridays. And catch the latest episodes of the Truck Tech podcast and video shorts on the FreightWaves YouTube channel.

By the numbers …

Nikola’s notable numbers: 135, 29.07% and 88.

135

https://www.freightwaves.com/news/its-all-in-the-numbers-for-nikola

Building an electrification business in reverse

When most fleets think about the electric grid, it’s about how much power they can get and when. Seed-stage startup Synop has another idea – making money by helping return unneeded power to utilities.

Seed-stage startup Synop found its niche in bidirectional charging. (Image: Synop)
Giving back (electricity) as a business

When Gagan Dhillon worked for Volvo Trucks North America, he saw an opportunity to create a TMS for electric trucks. No one was interested. Then he and longtime friend Andrew...

https://www.freightwaves.com/news/building-an-electrification-business-in-reverse

‘Picky’ Gatik nearing mass-produced autonomous trucks

The struggles of autonomous truck makers to move beyond the testing stage are well chronicled. Seven-year-old Gatik, which owns the short-haul pickup-and-delivery “middle mile,” is an exception. By all indications, it has the money, the partnerships and the runway to reach mass production in 2027.

After discussing Gatik’s technology progress with Apeksha Kumavat, co-founder and chief engineer, on this week’s Truck Tech podcast, I caught up with CEO Gautam Narang. That followed Monday’s...

https://www.freightwaves.com/news/picky-gatik-nearing-mass-produced-autonomous-trucks

Switcheroo: EV Realty secures electricity before launching charging sites

Startups, real estate giants and others developing electric truck charging sites tend to pick locations before being certain they can get electricity in a timely fashion. Startup EV Realty prioritizes having the juice available when it buys a property.

‘Buying by the acre and monetizing by the megawatt’

Patrick Sullivan is like a lot of his peers developing electric infrastructure for fleet charging. He knows how the electric power business works, what it takes to develop and what can frustrate...

https://www.freightwaves.com/news/switcheroo-ev-realty-secures-electricity-before-launching-charging-sites

Megawatt grants electrify truck charging corridors

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-4’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-4’); });

Startup electric truck infrastructure developer WattEV won’t say how much money it has raised from...

https://www.freightwaves.com/news/megawatt-grants-electrify-truck-charging-corridors

Electric trucks should shake off setbacks in 2024

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

Meaningful volume growth eluded heavy-duty electric trucks last year for several reasons: Charging...

https://www.freightwaves.com/news/electric-trucks-should-shake-off-setbacks-in-2024

Carnage grows among transportation startups

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

In the world of electric vehicle and autonomous trucking startups, the picture of winners and losers...

https://www.freightwaves.com/news/carnage-grows-among-transportation-startups

Hydrogen fuel cell maker Hyzon eyes small-scale projects to advance

HOUSTON — The new CEO of hydrogen fuel cell maker Hyzon didn’t sound like a man running a company whose future is in doubt. 

In an interview with FreightWaves at the CERAWeek by S&P Global conference here, Parker Meeks deferred questions about current issues Hyzon (NASDAQ: HYZN) is facing over its low stock price and its Nasdaq listing, saying the company was in a blackout period. With the Securities and Exchange Commission having launched an investigation into Hyzon last year, Meeks, who...

https://www.freightwaves.com/news/hydrogen-fuel-cell-maker-hyzon-eyes-small-scale-projects-to-advance

Volvo Group gathers startups for incubation

Not unlike startup accelerator company Y Combinator and venture capital firm 500 Global, the starting point for hundreds of young entrepreneurs, Sweden’s Volvo Group has its own version of finding and tapping tomorrow’s talent for trucking and its other businesses. 

It’s called CampX, a physical location where more than 50 startups have explored and accelerated new ideas under the watchful eye of the global truck maker. The latest addition is an incubator where early-stage startups can develop...

https://www.freightwaves.com/news/volvo-group-gathers-startups-for-incubation

+ More