Hyperion Companies

Hyperion Companies is a developer of hydrogen-powered supercars and hydrogen refueling stations. The company announced the initial launch of its Hyperion XP-1 hydrogen-powered supercar in August 2020, and the supercar made its public debut in November 2022 with 2,000 horsepower and a 1,000-mile range. Currently in the prototype stage, the company plans to build 300 units of the XP-1 in the US, and is accepting pre-orders.

In November 2022, the company also launched its Hyper:Fuel Mobile Stations to refuel both hydrogen fuel cell electric vehicles (FCEVs) and battery electric vehicles (BEVs). These hydrogen fueling stations use hydrogen-ion storage technology and will be manufactured at Hyperion’s 65-acre manufacturing facility in Columbus, Ohio. Although the company planned to deploy these stations across the US beginning in 2023, as of October 2023, construction of the Columbus facility was behind schedule and production was delayed by approximately six months.

Funding and financials

Hyperion’s most recent funding was in December 2023, when it raised USD 5.2 million. The company did not disclose how the capital was to be used. Prior to this, in January 2022, the company raised USD 750,000. The details of the investors were not disclosed. The funds were used to support the development of Hyperion’s hydrogen-powered supercar.