Unwinding the powertrain business at Hyliion Holdings was uncomfortable, especially for 175 employees who lost their jobs in November. But the leaned-out startup is making some progress in its pivot to energy distribution through a fuel-agnostic power generator.
Whether the plan is sufficient to generate revenue and perhaps attract a buyer for the once high-flying special purpose acquisition company are the big unknowns.
The Karno generator, which Hyliion purchased from GE in August 2022 for its...
https://www.freightwaves.com/news/can-karno-technology-generate-a-buyer-for-hyliion