# Hyzon Motors Inc.

Hyzon Motors Inc. is a Corporate Venture Arm based in Rochester, United States.

## Overview

- **Organization type:** Corporate Venture Arm
- **Headquarters:** Rochester, United States
- **Region:** Asia
- **Address:** Rochester, NY, United States
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** hyzonmotors.com
- **LinkedIn:** https://www.linkedin.com/company/hyzonmotors

## Regulatory record

- **Reports private funds:** No

## About

Hyzon Motors was founded in 2020 as a spinout from Singapore-based Horizon Fuel Cell Technologies, with Craig Knight as CEO. The company focuses on heavy-duty fuel-cell electric trucks and buses, targeting the decarbonization of long-haul freight. Hyzon went public on the Nasdaq through a SPAC merger with Decarbonization Plus Acquisition Corporation in July 2021. Hyzon's strategy centers on integrating fuel-cell systems from Horizon into Class 8 trucks and buses. The company has announced partnerships with fleet operators such as Walmart Canada (per Hyzon press release, 2021) and has deployed vehicles in pilot programs with Total Transportation Services (per Hyzon press release, 2022). Geographically, Hyzon operates in North America and Europe, with assembly facilities in Bolingbrook, Illinois and Groningen, Netherlands. The firm reported a net loss of $159 million in 2022 (per SEC filing, 2023) and has raised capital through at-the-market offerings and debt. Hyzon maintains offices in Rochester, New York, San Ramon, California, and Tokyo. The company has not disclosed a separate investment vehicle beyond its corporate balance sheet. Hyzon's structural differentiator is its direct integration of Horizon Fuel Cell Technologies' proton exchange membrane fuel-cell stacks, giving it control over the core technology. This vertical integration contrasts with competitors that source fuel cells from third-party suppliers.

## Sectors

- Mobility & Transportation
- Energy Transition & Renewables

## Offices

- New York, NY
- San Ramon, CA
- Tokyo, Japan

## People

- Craig Knight — CEO
- John Edlebeck — CFO

## Questions

### Who leads investment decisions at Hyzon Motors?

CEO Craig Knight oversees strategic direction, with CFO John Edlebeck managing financial operations. Capital allocation is determined by the executive team and board, using corporate cash and equity offerings rather than a dedicated investment fund.

### What investment stages does Hyzon target?

Hyzon focuses on deploying its fuel-cell technology in Class 8 trucks and buses through pilot programs and commercial agreements with fleet operators. It does not invest in external companies as a limited partner.

### Which sectors does Hyzon Motors explicitly avoid?

Hyzon does not disclose explicit avoidance sectors, but its focus is exclusively on heavy-duty commercial vehicles powered by hydrogen fuel cells, avoiding light-duty or passenger vehicles.

### How is Hyzon Motors related to Horizon Fuel Cell Technologies?

Hyzon was spun out from Horizon Fuel Cell Technologies in 2020 and licensed Horizon's fuel-cell stack technology. The two companies share common founders but operate independently, with Hyzon focusing on vehicle integration and sales.

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- [Raven SR](https://altss.com/profile/raven-sr)
- [Root](https://altss.com/profile/root)

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Last updated: 2026-06-03T20:00:00.000Z

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