Hyzon Motors joins other trucking technology companies such as Nikola Motor Company, Hyliion, and TuSimple by allowing the common man to buy ownership in the company. Here is a summary of the venture and how it became public.
Hyzon (a portmanteau of “hydrogen” and “horizon”) Motors started as a part of Horizon Fuel Cells back in 2003, but was spun off as its own company in 2020. While Horizon Fuel Cells has an emphasis on generators, Hyzon Motors has its focus geared towards large vehicles, including city buses and, of course, heavy-duty trucks.
Hyzon has been able to go public with the help of Decarbonization Plus Acquisition (DCRB), a blank check company created to help fund and make public companies whose business operations target global decarbonization. Through the merger, Hyzon has about $626 million in cash to invest in the manufacturing of its first vehicles. Hyzon is headquartered in Rochester, New York, but has footholds in Asian, Australian, and European markets.
Hyzon stock launched on July 19th, 2021 at around $10 per share, and as of the time of writing is at $8.91.
The stock sells through the NASDAQ listed under the stock ticker HYZN. You are welcome to buy and sell the stock as you please. We are not soliciting investment advice nor are we responsible for any gains or losses you incur from trading stocks, we are just telling you that the stock is there.
If, however, you want to finance a Hyzon truck when it eventually hits the US market, we at TopMark Funding would be happy to negotiate with our numerous lenders to get you the best terms possible for your unique situation!
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