WARREN, Ohio (WYTV) – A new company is coming to Warren. Its goal is to revolutionize the alternative fuel car industry.
Hyperion Motors will base its automotive division at the Tech Belt Energy Innovation Center (TBEIC) in Warren.
The company is developing a hydrogen fuel cell car and fueling network.
The CEO of the company, Angelo Kafantaris, signed the new agreement Thursday. He was joined by other senior leaders from his Orange, California company.
Hyperion will start by hiring engineers and IT workers at the new automotive engineering hub.
For now, operations will be based at the Warren energy incubator. Plans are to grow out from here and replicate what is going on in California.
“The key is going to be to get these stations built and maybe we can have a hydrogen highway here in Ohio,” CEO Angelo Kafantaris said.
Kafantaris is from Warren, but that’s not the only reason he wanted to base the work here.
“Angelo didn’t just make this decision for today’s engagement letter signing, just based on hometown sentiment and charity. Angelo seized the opportunity and the real potential that exists in Warren, Ohio, and particularly, the Tech Belt Center,” said Warren Mayor Doug Franklin.
Kafantaris said the work being done at the Tech Belt Energy Innovation Center and other are incubators led to his decision to locate here.
There is a prototype car in development, but the company isn’t saying much about it, saying the automotive industry is very competitive. They’re not ready to reveal it just yet.
“I’ve read a few stories where it says the car goes 400 miles. I want to sort of edit that. It goes far beyond 400 miles, and it does take about 3.5 minutes to charge,” Kafantaris said.