Hyzon Motors

Global supplier of zero-emissions hydrogen fuel cell powered commercial vehicles, including heavy duty trucks, buses and coaches.

Launch date

2019

Employees

Market cap

Enterprise valuation

($36m) (Public information from Sep 2024)

Bolingbrook Illinois (HQ & founding location)

https://www.hyzonmotors.com/

https://twitter.com/hyzonmotors https://www.linkedin.com/company/hyzonmotors

Revenues, earnings & profits over time

USD	2020	2021	2022	2023	2024	2025	2026
Revenues	-	6.0m	3.7m	<1m	-	25.0m	100m
% growth	-	-	(38 %)	(92 %)	-	-	300 %
EBITDA	(14.2m)	(189m)	(286m)	(163m)	(137m)	(125m)	(120m)
% EBITDA margin	-	(3120 %)	(7664 %)	(55257 %)	-	(500 %)	(120 %)
Profit	(14.3m)	(13.8m)	(32.2m)	(184m)	(154m)	(134m)	(132m)
% profit margin	-	(229 %)	(864 %)	(62387 %)	-	(537 %)	(132 %)
EV / revenue	-	192.1x	34.6x	743.4x	-	0.7x	0.2x
EV / EBITDA	-21.0x	-6.2x	-0.5x	-1.4x	-0.1x	-0.1x	-0.1x
R&D budget	1.4m	16.4m	39.1m	43.7m	-	-	-
R&D % of revenue	-	272 %	1050 %	14823 %	-	-	-

Date	Investors	Amount	Round
Jan 2020*	Horizon Fuel Cell Technologies	N/A	Corporate spinout
Oct 2020*	TotalEnergies Carbon Neutrality Ventures	N/A	Seed
Feb 2021*	Decarbonization Plus Acquisition Corporation	$226m Valuation: $2.7b -189.9x EV/LTM EBITDA	SPAC IPO
Feb 2021*	Wellington Management BlackRock Fidelity Investments Riverstone Energy Federated Investors	$400m	SPAC Private Placement
Total Funding		$400m

Tech stackLearn more about the technologies and tools that this company uses.

Hyzon Motors Europe

ACQUISITION by Hyzon Motors Jul 2020

ORTEN Fahrzeugbau

ACQUISITION by Hyzon Motors Jun 2022

ORTEN Electric Trucks & WebMan

ACQUISITION by Hyzon Motors Jun 2022