Thomas Healy was secretly arranging a deal to turn his Texas-based truck electrification startup into a publicly traded company when the coronavirus pandemic struck.

Hyliion Inc., announced it has completed its business combination with Tortoise Acquisition Corp. That cleared the way for the combined company to be renamed Hyliion Holdings Corp. and its common stock to be listed as HYLN on the New York Stock Exchange.

Hyliion Inc.’s Class 8 long-range electric powertrain underscores the transition period of multiple alternative powertrains is at hand. And the powertrain, whose batteries are charged by an undersized natural gas engine, could prove to be an important step toward carbon-free over-the-road transportation, experts said.

Hyliion CEO and founder Thomas Healy said the company anticipates receiving more investment funds soon. It built an 80,000-square-foot plant, and trucks with its e-axle have accumulated more than 1 million miles of real-world travel as fleets begin to see hybrid-electric powertrains as a timely choice for improved fuel efficiency. And yet, he sometimes feels as if he is on the industry sidelines.

Heavy-duty vehicle supplier Hyliion has acquired the battery division of Gentherm Inc., a move intended to consolidate control of its battery technology supply chain that underpins its 6X4HE hybrid-electric axle.

ORLANDO, Fla. — Hyliion announced its 6X4HE System, built around a hybrid-electric axle, is available for longhaul trucks, including as a retrofit.