This paper presents a new dual-inductor hybrid boost converter (DI-HBOC) with two inductors located at the output. This structure allows continuous current delivered to the load, thus, reducing the output filtering capacitor size and the output voltage ripple. By relocating the inductor at the output, which is the lower current path, the conduction loss on the inductor can be significantly reduced. The right half plane zero (RHPZ) in the control-to-output transfer function can also be eliminated; therefore, a simple pulse-width modulation (PWM) voltage-mode controller can be used for the proposed DI-HBOC while still achieving high closed-loop bandwidth and fast transient response. The distinct features of the proposed converter are analytically demonstrated. A 12-to 24 V DI-HBOC and a conventional BOC (CBOC) using low-R_ON GaN switches with PWM voltage-mode controller are also implemented in PSIM for verification and comparison. The simulated peak power efficiency is 97.4 % that is 1.17 % higher than the CBOC. At 3 A load current, the power efficiency is improved by 9.7 % and the output ripple is only 17.5 mV, 6x lower than in CBOC.