Hyzon Motors, the hydrogen fuel cell truck and bus startup, is going public via reverse merger with a special purpose acquisition company.Driving the news: Hyzon is merging with Decarbonization Plus Acquisition Corp. in a deal that values the New York-based startup at $2.7 billion.Get smarter, faster with the news CEOs, entrepreneurs and top politicians read. Sign up for Axios Newsletters here.Why it matters: The 2020 craze of electric and hydrogen transportation startups going public is continuing in 2021. And it's the latest sign of investors betting on commercial fleet buyers to eventually buy lots and lots of electric and hydrogen-powered big trucks.The details: The deal will provide the company with $626 million in proceeds to fuel its expansion, the announcement states. New and existing investors include BlackRock, Federated, Fidelity, Wellington and Riverstone Energy Limited.It comes after the multinational oil-and-gas giant Total SE invested in Hyzon last year.Hyzon CEO Cr
Global Hydrogen Fuel Cell Vehicle Market By Vehicle Type, By Power Output, By Region, Competition, Forecast & Opportunities, 2026
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