Tech Company Financing Transactions
Hyliion Funding Round
On 9/21/2017, Hyliion received $21 million in Series A funding from Axiom Ventures and New Era Ventures.
Transaction Overview
Company Name
Announced On
9/21/2017
Transaction Type
Venture Equity
Amount
$21,000,000
Round
Series A
Investors
Axiom Ventures (Lead Investor) (Howard Jenkins)
New Era Ventures (Gideon Argov)
Proceeds Purpose
The financing will be used to fund Hyliion's production, product line expansion and for further investment in its proprietary technology platform.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
1202 BMC Dr.
Cedar Park, TX 78613
USA
Cedar Park, TX 78613
USA
Phone
Undisclosed
Website
Email Address
Overview
The Hyliion System evolved out of a passion for horsepower. As a mechanical engineer and motorsports racer, Hyliion Founder and CEO Thomas Healy set out to bring the advantages of hybrid technology to tractor trailers. His mission was to minimize fuel costs for long-haul, over-the-road delivery fleets by bringing electric technology to tractor trailers in an add-on solution.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Thomas Healy
Chief Financial Officer
Gregory Van De Vere
Chief Operating Officer
Michael Camp
Vice President
Scott Johnson
Vice President
David Mullinix
VP - Engineering
Patrick Sexton
VP - Operations
Cody Loos
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