What Hyroad Energy does

Hyroad Energy is a privately held hydrogen infrastructure platform based in Austin, Texas, focused on decarbonizing long-haul and port-drayage trucking through a Trucks-as-a-Service model. The company bundles hydrogen fuel cell Class 8 trucks (primarily Nikola Tre units, 103 of which were acquired new in August 2025), maintenance, hydrogen refueling access, and a cloud-based fleet management platform into a single pay-per-mile commercial contract. Its core technology stack combines OEM-agnostic vehicle integration with proprietary software (Fleet web app and Drive mobile app, inherited from the Nikola acquisition), and a zero-loss liquid hydrogen refueling architecture developed in partnership with Bosch Rexroth and GenH2 for its Dallas flagship station.

Hyroad monetizes through three streams: usage-based Truck-as-a-Service fees (pay-per-mile covering vehicle, fuel, and maintenance), a recurring SaaS subscription for fleet connectivity at $299 per truck per month, and standalone parts and maintenance services sold to other Nikola truck owners. Customer acquisition is enterprise-direct, targeting fleet operators in California's regulated port corridors and Texas, with strategic channel partnerships (Toyota, Pacific Clean Fuels, OneH2, Total Hydrogen Solutions) providing embedded demand and infrastructure co-investment. The company targets 250 trucks deployed across Texas and California by 2027, against an installed base of roughly 113 trucks as of late 2025. Operations are exclusively U.S.-based with no disclosed international footprint.

The business is at an early commercial stage: the Toyota Southern California deployment (40 trucks) was announced in May 2026, the Pacific Clean Fuels Long Beach corridor began commercial operations in January 2026, and the company was awarded a Texas TCEQ THIVE grant for an initial 28-truck deployment in Texas. No revenue figures have been disclosed. The leadership team is drawn from hydrogen, energy, and clean transportation operators, including former executives of Nikola, BP, Vitol, Tesla, SolarCity, and AMPLY Power.

Name

Hyroad Energy

Legal name

Hyroad Energy

Website

https://hyroadenergy.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Hyroad Energy operates a Trucks-as-a-Service platform that deploys hydrogen fuel cell Class 8 trucks bundled with refueling infrastructure, maintenance, and fleet management software to commercial fleet operators in California and Texas under a pay-per-mile pricing model.

Ownership category

akta.pro rank

Product category

Hydrogen Trucking Services

NAICS

Heavy Duty Truck Manufacturing (336120), Fuel Dealers (45721)

SIC

Trucking & Courier Services (No Air) (4210)

akta.pro primary industry

Fleet Smart Charging & Depot Energy Management (Bus/Truck/Delivery) (EUAFAMAE)

akta.pro secondary industries

Fleet Fuel & Energy Management (Fuel Programs, EV Charging Ops) (TLABAIAI), Hydrogen (Industrial & Mobility) (IMAEACAB), Hydrogen Storage Terminals, Depots & Bulk Logistics (Siting, Loading/Unloading) (EUAFAEAI)

Keywords

• Hydrogen trucking services
• Fleet management software
• Zero-emission logistics
• Hydrogen refueling infrastructure
• Truck-as-a-service

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Truck-as-a-Service (Trucks, Maintenance, Hydrogen Supply): Bundled pay-per-mile pricing model providing hydrogen fuel cell trucks, maintenance support, and hydrogen fuel supply as an integrated service. Fleet operators pay per mile driven with no upfront capital investment. Revenue generated from usage-based fees across truck fleet operations.
2. Software-as-a-Service Subscription: Monthly subscription for Nikola truck connectivity and fleet management software at $299 per truck per month, with 10% discount for annual prepaid subscription. Includes cellular data service, truck-to-cloud connectivity, Nikola Fleet web app, and Drive mobile app.
3. Parts and Maintenance Services: Sale of spare parts and maintenance services for hydrogen fuel cell trucks and supporting infrastructure. Expanded service offerings following Nikola acquisition to support existing Nikola truck owners.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

Hyroad Energy provides a Trucking-as-a-Service platform for commercial fleet operators, bundling hydrogen fuel cell Class 8 trucks (primarily Nikola Tre), hydrogen refueling infrastructure, maintenance support, and cloud-based fleet management software under a pay-per-mile pricing model with no upfront capital investment. The company operates one of the largest commercial hydrogen truck fleets in the United States, primarily serving long-haul freight and port drayage corridors in Texas and California, and additionally offers standalone SaaS connectivity subscriptions and maintenance services for existing Nikola truck owners.

Product overview

Hyroad Energy operates a unified hydrogen trucking-as-a-service platform combining vehicles, fuel supply, and operational services into a single pay-per-mile commercial model. The core offering consists of Truck-as-a-Service providing Class 8 hydrogen fuel cell trucks (primarily Nikola Tre models, 103+ acquired from Nikola's bankruptcy) bundled with fleet management software (Nikola Fleet web app, Drive mobile app), maintenance services, and access to hydrogen refueling infrastructure. The company supports its own fleet of 100+ FCEV trucks while also offering standalone SaaS connectivity subscriptions and maintenance services to other Nikola truck owners. Refueling infrastructure includes stations in California (Long Beach) and Texas (Katy, Dallas) developed through partnerships with Pacific Clean Fuels, OneH2, Total Hydrogen Solutions, and the Bosch Rexroth/GenH2 zero-loss liquid hydrogen system.

Differentiator

Problem solved

Functional benefit

Products and services

• Truck-as-a-Service (Trucks-as-a-Service) End-to-end bundled solution providing Class 8 hydrogen fuel cell trucks, maintenance, hydrogen refueling infrastructure access, and fleet management software to commercial fleet operators under a pay-per-mile pricing model with no upfront capital investment.
• Hydrogen Truck Maintenance Services Comprehensive maintenance, repair, and technical support services for hydrogen fuel cell trucks, including physical repairs, parts supply, and operations support covering all hydrogen FCEV trucks across California and Texas.
• Nikola SaaS Connectivity Subscription Software-as-a-service subscription restoring cellular data service and truck-to-cloud connectivity for Nikola trucks at $299 per truck per month, including access to the Nikola Fleet web app, the Drive mobile app for iOS and Android, and continuous connectivity.

Quantifiable outcome

• 500-mile driving range with 15-20 minute refueling time
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered flagship and core.

• Toyota Motor North AmericaflagshipStrategic or Co-development Partner · 4 May 2026Definitive agreement to deploy 40 hydrogen fuel cell Class 8 trucks in Southern California. Hyroad provides trucks, maintenance, and fleet management software while Toyota supplies hydrogen fuel through its refueling infrastructure in Ontario, California. This is one of the largest commercial hydrogen truck deployments in the United States.
• Total Hydrogen Solutions (THS)coreStrategic or Co-development Partner · 28 April 2026Commercial fueling agreement to develop and operate hydrogen refueling station in Katy, Texas with onsite hydrogen production via electrolysis. Hyroad has signed offtake agreement for station's full capacity. Partnership reflects nearly two years of collaboration.
• Pacific Clean FuelscoreStrategic or Co-development Partner · 19 November 2025Strategic partnership to deploy 113 Nikola hydrogen fuel-cell trucks for freight routes between the Ports of Long Beach and Los Angeles. Pacific Clean Fuels is constructing hydrogen refueling station in Long Beach under exclusive agreement with Hyroad.
• OneH2coreStrategic or Co-development Partner · 19 November 2025Partnership with OneH2 and Pacific Clean Fuels to build hydrogen refueling infrastructure in Long Beach, California. OneH2 provides heavy-duty fueling systems for Hyroad's hydrogen truck fleet serving California corridors.
• Nikola Corporation (Acquisition)flagshipOthers · 8 August 2025Acquisition of 113 hydrogen fuel cell trucks, spare parts, software platforms, and IP assets from Nikola Corporation bankruptcy auction. This acquisition significantly expanded Hyroad's fleet and provided critical software and operational infrastructure.
• Bosch RexrothcoreTechnology or Integration · 8 April 2025Strategic partnership to develop first-ever zero-loss liquid hydrogen refueling station in Dallas, Texas. Bosch Rexroth provides Liquid Hydrogen CryoPump technology for the station, eliminating hydrogen boil-off losses during storage and refueling.
• GenH2coreTechnology or Integration · 8 April 2025Partnership with Bosch Rexroth and Hyroad to develop zero-loss liquid hydrogen refueling station. GenH2 provides Controlled Storage technology for liquid hydrogen, addressing hydrogen boil-off loss during storage operations.

Scale indicators6 records

Recent moves12 records

Expansion highlights7 records

Broad incumbents

• Toyota Motor Corporation: Toyota is Hyroad's largest disclosed customer and strategic partner for hydrogen trucks in Southern California. Toyota also operates its own hydrogen fuel cell and Class 8 truck initiatives, making it both partner and broad incumbent in the hydrogen trucking ecosystem.
• Plug Power: Plug Power is a leading hydrogen infrastructure and fuel cell platform company with focus on material handling and stationary applications. Comparable to Hyroad's hydrogen refueling and infrastructure business as both build commercial hydrogen supply ecosystems.
• Daimler Truck North America: Daimler Truck North America (Freightliner, Western Star) is a major Class 8 OEM with active hydrogen fuel cell programs (GenH2). Comparable to Hyroad as it serves the same long-haul fleet customers with both diesel and emerging zero-emission powertrains.
• PACCAR Inc. PACCAR (Kenworth, Peterbilt, DAF) is a leading Class 8 truck OEM with hydrogen fuel cell development programs. It is comparable to Hyroad as a fleet truck supplier in long-haul corridors and a potential OEM partner for Hyroad's OEM-agnostic model.

Emerging players

• WattEV: WattEV builds and operates heavy-duty electric truck charging infrastructure and provides electric truck leasing solutions. Comparable to Hyroad's truck-as-a-service and depot infrastructure business model for zero-emission long-haul trucking.
• Forum Mobility: Forum Mobility provides electric drayage trucking services at the Ports of Long Beach and Los Angeles. Comparable to Hyroad as both operate zero-emission truck-as-a-service models targeting port freight, though Forum Mobility uses battery electric powertrains.

Direct peers

• Nikola Corporation: Nikola was the original manufacturer of the Tre hydrogen fuel cell trucks now operated by Hyroad following its August 2025 bankruptcy auction acquisition. While in bankruptcy, its Class 8 FCEV platform remains the closest direct comparison to Hyroad's core fleet product.
• Hyzon Motors: Hyzon Motors is a hydrogen fuel cell heavy-duty truck OEM focused on Class 8 commercial vehicles and fleet solutions. It is directly comparable to Hyroad as both target hydrogen-powered long-haul trucking with similar fleet/mobility offerings to fleet operators.
• OneH2: OneH2 designs and operates hydrogen refueling infrastructure for heavy-duty trucks. It is a direct partner of Hyroad (Long Beach, CA station) and a direct peer as both build and operate depot-scale hydrogen refueling for commercial trucking customers.

Others

• Ballard Power Systems: Ballard Power Systems manufactures hydrogen fuel cell stacks used in heavy-duty trucks. Comparable to Hyroad's supply chain as an enabling technology provider for hydrogen trucking fleets, though not a direct competitor in fleet operations or infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hyroad Energy