HomeCanadaAllison Transmission Makes $10M Investment in EnerTech Capital

Allison Transmission Makes $10M Investment in EnerTech Capital

EnerTech Capital

Allison Ventures, Allison Transmission’s venture capital arm, made a $10M investment in EnerTech Capital, a venture capital firm focused on the development of emerging technologies and business models in the mobility space.

Through this partnership, Allison will gain access to EnerTech’s large network of high-tech companies that are advancing automotive technologies in the electrification, connectivity, autonomy and digitization sectors.

With the EnerTech’s network, Allison Ventures will have the opportunity to collaborate with like-minded companies that are committed to developing new technologies and business models to enhance the converging technology, energy, utility and transportation sectors. This will include access to insights into trends in mobility, market research, business development opportunities and data to further enhance Allison.

Founded in 1996 and led by Wally Hunter, Managing Partner, EnerTech Capital is a venture capital firm with a focus on Mobility, Industry 4.0, and Connected Customer. Its current platform has a significant focus on emerging opportunities in the mobility space across Electrification, Autonomy, Smart Mobility, and Connectivity. The firm has offices in Toronto, Philadelphia, Palm Beach Gardens, Boston, and Orange County.

Allison Transmission (NYSE: ALSN) is a designer and manufacturer of propulsion solutions for commercial and defense vehicles and a large global manufacturer of medium- and heavy-duty fully automatic transmissions. Its products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked).

With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has approximately 1,600 independent distributor and dealer locations worldwide.

VCWire

22/05/2024