HYLN News & Events

Hyliion Holdings files $500M mixed securities shelf

Hyliion Holdings announced the successful operation of its full KARNO Core system on diesel fuel. "Operating on liquid fuels meaningfully expands our addressable market and strengthens energy resiliency for customers, including supporting our upcoming deployments in defense applications where diesel is the preferred fuel," said Thomas Healy, CEO of Hyliion.

Full-year 2025 revenue is expected to be approximately $4 million, reflecting timing adjustments for certain early-adopter unit deliveries that have shifted into 2026. Hyliion expects commercialization of the KARNO Power Module to occur in 2026, at which time it will begin recognizing product revenue. The company continues to believe that its current capital position will be sufficient to fund operations through product commercialization.

Reports Q3 revenue $759k. "This quarter marks a major turning point for Hyliion," said Thomas Healy, Founder and CEO of Hyliion. "The KARNO Power Module is now meeting our initial customers' performance requirements, enabling further system deployments in real-world applications. We've showcased the product's reliability, fuel flexibility, and ultra-low emissions, and have received positive regulatory determination from the EPA that will streamline the deployment pathway for our customers."