Sumitomo Backs Hyliion; Grows Portfolio In Vehicle Fleet Management
Sumitomo Corporation of Americas (SCOA) has announced a recent investment in Hyliion, a Class 8 vehicle hybridizing company, alongside Axioma Ventures. The financing will be used to fund Hyliion’s production, product line expansion and for further investment in its technology platform. Hyliion hybridizes Class 8 vehicles by adding an intelligent electric drive axle, which, it […]
