NewQ1 2026 Clean Energy Deal Intelligence Report is live
M&AClosedJuly 16, 2021

Hyzon Motors — hydrogen fuel cell heavy commercial trucks (refuse, prime movers)

Hyzon Motors completed business combination with Decarbonization Plus Acquisition Corp. Stockholder vote July 15, 2021; closed July 16, 2021. Trading NASDAQ as HYZN July 19, 2021. Up to $626M gross proceeds incl. $400M PIPE. Implied pro forma equity $2.7B. Subsequently hit by short-seller report and securities suit Sept-Oct 2021.

$2.70B

Deal Value

Hydrogen

Technology

NY

Location

Deal Details

Deal Type
SPAC Merger
Seller / Sponsor
Hyzon Motors USA Inc.
Buyer / Financier
Decarbonization Plus Acquisition Corporation (DCRB)
Deal Value
$2.7B (pro forma equity)
Stage
Pre-commercial
ISO/RTO
NYISO

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