Hyliion Holdings Archives - Page 6 of 6

Truck Talk: Technology ramblings edition

12 February 2021

This week, we share musings from Rusty Rush, CEO of the nation’s largest network of truck dealerships and answer three questions posed to PACCAR CEO Preston Feight on autonomous partner Aurora. Of course, we have some of the people moves and partnerships you may have missed. You can get Truck Talk delivered via email by subscribing at https://www.freightwaves.com/truck-talk.

If you don’t want to know, don’t ask

Rusty Rush will never be accused of giving a short answer when a long one will do. The...

https://s29755.pcdn.co/news/truck-talk:-technology-ramblings-edition

Xos Trucks may be next to go public via SPAC: Reuters

9 February 2021

Electric chassis maker Xos Trucks Inc. is in talks to go public through a merger with a special purpose acquisition company (SPAC) that could lead to a valuation of $2 billion, Reuters reported Monday.

North Hollywood, California-based Xos makes a customizable chassis with the wiring, battery mounting and axle-mounting systems for medium- and heavy-duty electric trucks. Its customers so far include United Parcel Service (NYSE: UPS), armored truck company Loomis, and Japan’s Hino Motors Ltd., a...

https://s29755.pcdn.co/news/xos-trucks-may-be-next-to-go-public-via-spac-reuters

Welcome to Wednesday — WHAT THE TRUCK?!?

13 January 2021

WHAT THE TRUCK?!? starts airing three days a week

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It’s the week everyone (especially Dooner) has been waiting for. WHAT THE TRUCK?!? is airing three days a week: Monday, Wednesday...

https://www.freightwaves.com/news/welcome-to-wednesday-what-the-truck

Hyliion hauls in $142 million from sale of stock warrants

9 January 2021

Startup hybrid electric truck driveline maker Hyliion Holdings (NYSE: HYLN) is $142 million better off following the sale of shares converted from warrants issued by the blank check company (SPAC) that brought Hyliion public.

Interestingly, Hyliion doesn’t need the money to run the business. Its reverse merger with Tortoise Acquisition Corp. in October 2020 gave Hyliion $520 million after expenses to fund its business plan.

“This incremental capital allows us to pursue additional partnerships and...

https://s29755.pcdn.co/news/hyliion-hauls-in-142-million-from-sale-of-stock-warrants

Dana builds electrification vertical for commercial vehicles

4 January 2021

Dana Inc. (NYSE: DAN) spotted the trend toward commercial vehicle electrification four years ago when China offered incentives for smog-beating battery-powered buses. Since then, the Tier 1 automotive supplier has purchased and partnered its way to create all-in zero-emission electric powertrain systems.

The 117-year-old company was founded by Charles Spicer and later joined by Charles Dana. The company invented the first encased universal joint that eliminated sprockets and chains in automotive...

https://s29755.pcdn.co/news/dana-builds-electrification-vertical-for-commercial-vehicles

Laying PIPE: Additional cash raises valuations of SPAC targets

25 November 2020

Electric vehicle and infrastructure startups continue to attract hundreds of millions of dollars from special purpose acquisition companies (SPACs) targeting business combinations and speedy public trading debuts.

Set aside the hype around the tens of billions invested in so-called blank-check companies. It is pocket change compared to the trillions held by investment funds, venture capital and private equity, said Mark Saraiva, Cowen Inc. managing director and head of its transportation group.

“...

https://www.freightwaves.com/news/laying-pipe-additional-cash-raises-valuations-of-spac-targets

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