Agility invests in Hypetruck ERX
Hyliion, a provider in electrified powertrain solutions for Class 8 commercial vehicles, has launched its Hypertruck electric range extender (ERX), a long-haul, fully electric powertrain for the global trucking industry. The launch of the Hypertruck ERX is anchored by Agility.
The logistics provider has confirmed a pre-order of up to 1,000 trucks and has agreed to invest in a private offering of securities to be issued by Tortoise Acquisition Corp. in connection with Hyliion’s recently announced business combination.
Combined with a fully electric drivetrain and a natural gas-powered onboard generator to recharge the battery, the Hypertruck ERX will provide a range of more than 1,600 km. Initial Hypertruck ERX fleet demonstration vehicles have already been allocated to customers for delivery in 2021, with volume shipments scheduled in 2022. (mw)