# Hyliion

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hyliion

- Industry: Energy Storage & Batteries
- Headquarters: Cedar Park, US
- Website: www.hyliion.com
- Total disclosed funding: $21M
- Latest round: Series A (Aug 27, 2017)
- Investors on record: 3

## About

Hyliion, Inc. is a U.S.-based developer of innovative linear generator solutions that operate on multiple fuel sources, catering to diverse sectors with a focus on sustainable energy practices.Hyliion, Inc. was founded in 2015 and is headquartered in Cedar Park, US. The company specializes in developing linear generators for various applications, including electric vehicle charging and microgrids. Thomas Healy, who previously founded other ventures, leads the company as CEO. To date, Hyliion has completed a total of 5 deals, with its most recent deal occurring on December 24, 2024, when it secured USD 6 million in grant funding from the U.S. Department of Energy. This funding contributes to the company's total amount raised, which stands at USD 21.00 mn.Hyliion specializes in innovative linear generator solutions designed to function on multiple fuel sources, addressing the demands of the evolving energy economy. Their core offerings include clean, flexible linear power generators intended for efficient electricity production across multiple applications such as defense, electric vehicle (EV) charging, data centers, and microgrids. Targeting commercial and industrial sectors, as well as utilities, Hyliion ensures its products are suitable for deployment in North America and select international markets, catering to those prioritizing environmentally friendly energy solutions.Hyliion’s revenue is generated from the sale of its linear generator systems and related services, primarily through B2B transactions aimed at commercial and industrial clients. The company collaborates with businesses looking to integrate renewable energy solutions, often customizing offerings based on specific energy requirements. Sales agreements typically involve clients purchasing generators at negotiated pricing, reflective of their energy needs. Additionally, ongoing service contracts for maintenance and support strengthen customer relationships and optimize product performance.Hyliion plans to utilize the recent USD 6 million grant funding received from the U.S. Department of Energy in December 2024 to further develop its renewable energy platform. The company is focused on launching new products designed to enhance its existing offerings and expand into new markets. Specific geographic regions targeted for expansion include additional areas in North America and select international markets, aimed at fulfilling the increasing demand for sustainable energy solutions.

## Funding rounds

- Series A, Aug 27, 2017, $21M — Sumitomo Corporation of Americas, Colle Capital, Axioma Ventures

## Investors

- Sumitomo Corporation of Americas — Series A
- Colle Capital (https://capitalatlas.ai/funds/colle-capital) — Series A
- Axioma Ventures (https://capitalatlas.ai/funds/axioma-ventures) — Series A