Electric Hybrid Trucking Company Hyliion Moves Headquarters to Austin Area

Hyliion 6X4HE Test Partners (PRNewsfoto/Hyliion)

Transportation is becoming a booming industry in Austin.

And now it’s gotten even bigger with Hyliion, a hybrid electric trucking company, moving its headquarters from Pittsburgh to the Austin area. The company announced this week plans to move into a new 80,000 square foot office space, which is under construction, in Cedar Park.

Hyliion, which raised $21 million in venture capital from Axioma Ventures, plans to house all of its operations there including research and development, sales, marketing, IT and administration. The company’s technology turns diesel trucks into hybrid vehicles.

The company expects to create 200 new jobs in coming years, according to a news release. It chose the Austin area for its new headquarters because the move helps with the development of its technology and allows the company to expand and build on its unique culture, according to a news release.

“Moving our corporate headquarters to Austin was an important strategic decision. It supports our growth plans in new technologies and products and we believe the greater Austin market has the talented workforce that will contribute to our company and culture. Our products significantly decrease the environmental impact of long haul, over-the-road trucks which match nicely with Austin’s environmental consciousness.” Thomas Healy, Hyliion Founder and CEO said in a news release. “Our new building is being built to handle the requirements of semi-tractor trailers and establish excellent workspaces for our diverse workforce. We have planned library space for quiet work, bright open spaces for group collaboration, and in line with our active employees we have bike storage space, showers and even an indoor/outdoor space for dogs.”

Hyliion creates the “Hyliion 6x4HE Truck Solution” which it estimates reduces fuel consumption and emissions by up to 30 percent and saves more than 6,000 gallons of diesel fuel annually.

The Cedar Park Economic Development Department, the Cedar Park Economic Development Corporation and the Cedar Park City Council put together an employment-based incentive program to recruit Hyliion to the area, according to the company.

SOURCE Hyliion

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