1.2 Billion Engines.
$800B Opportunity.
HCU-128™ is engine-agnostic. Canada is the proof-of-concept that funds and validates global expansion. Every new market is a new calibration profile — not new hardware.
Six phases. Six continents. One platform.
Beachhead. 113K DD15 engines. World-class grants. Element 72 standards gap. GTA logistics hub.
EPA + CARB mandates. 900+ Freightliner dealers. IRA Section 45V H₂ tax credits. I-10/I-70/I-95 corridors.
Fit for 55: 55% GHG reduction by 2030. Euro VI retrofit mandate. Germany, France, Netherlands priority.
Aging fleets (avg. 18yr). 90%+ diesel-dependent. BEV unviable. Licensing to regional distributors.
Government hydrogen partnerships. Oil fleet operators. National H₂ programs in UAE, Saudi, Oman.
OEM licensing to Tata, Mahindra, Eicher. Factory-installed HCU-128™. Largest volume opportunity.
Prototype → Pilot → Scale → Dominate.
- ›2 prototypes built & tested
- ›TC/CSA certification filed
- ›3–5 GTA fleet pilots
- ›IRAP + NRCan grants active
- ›Cummins adaptation scoped
- ›150 kits — $6.7M revenue
- ›Ontario + Quebec expansion
- ›HaaS model launched
- ›HCIP: 5 installer shops
- ›US EPA pathway filed
- ›400 kits — $20M revenue
- ›US commercial launch
- ›Cummins module live
- ›SaaS v1 launched
- ›Series A: $2–5M raised
- ›1,200+ kits — $60M Canada
- ›EU type-approval
- ›Latin America licensing
- ›Middle East partnership
- ›India OEM scoping
- ›$400M+ global platform
- ›10M+ connected engines
- ›India OEM licence signed
- ›IPO or strategic exit
- ›Carbon credit platform live
Canada: $59.9M by Y5.
Global: $400M+ platform.
Hardware + SaaS + Carbon + Licensing: USD $400M–$800M+ by Year 7. Exit multiple 3–5× revenue = USD $1.2B–$4B valuation.
| Market | Entry Year | Year 5 Revenue | Notes |
|---|---|---|---|
| Canada | Now | CAD $59.9M | Conservative base case |
| United States | Year 2 | USD $12–40M | Post-TC cert; EPA pathway |
| Latin America | Year 3–4 | USD $8–25M | Licensing model; low CAPEX |
| European Union | Year 3–4 | EUR $15–50M | Euro VI mandate driver |
| Middle East | Year 4–5 | USD $5–20M | Gov. partnership; oil fleets |
| India | Year 5+ | USD $10–40M | OEM licensing to Tata/Mahindra |
| TOTAL | — | $109–234M+ | Multi-currency; ex-SaaS/credits |
Platform revenue (not included above): SaaS (10K trucks × $150/mo) = $18M/yr ARR · Carbon credits ($4K/truck × 10K) = $40M/yr · Licensing royalties = $5–20M/yr
Canada is not the destination.
It is the proof-of-concept.
Canada delivers three things no other market can provide simultaneously: world-class engineering grants, a forming regulatory standard, and a $3.4B beachhead with real fleet operators accessible from Brampton today.
3.5M trucks.
USD $157B TAM.
US EPA filing Month 18 (post-Canada pilot data). Commercial launch Month 24. Year 3 US revenue: USD $12M+. The world's most lucrative freight corridor.
"Hydrix is not deploying capital to build a prototype — it is deploying capital to unlock a global retrofit platform capable of transforming over 1.2 billion diesel engines."