INDIANAPOLIS,
May 16,
2024 /PRNewswire/ -- Allison Ventures, Allison
Transmission's venture capital arm, is pleased to announce it has
committed to a $10 million 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.
"We are excited to have Allison Transmission join
as an investor in our latest fund, The Global Strategic Mobility
Fund. The partnership between Allison Transmission and our firm
will provide actionable insights into emerging technologies that
help complement their internal innovation strategy," said
Wally Hunter, Managing Partner,
EnerTech Capital. "Allison is joined by nine other corporate
investors in the fund, and we look forward to leveraging the
synergies between these groups as we build out our investment
portfolio."
Through 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.
"EnerTech seeks to redefine the mobility sector
through investments in companies that are shaping the future of the
industry," said Todd Bradford, Vice
President, Strategy, Business and Corporate Development, Allison
Transmission. "This strategic partnership will accelerate Allison's
efforts to increase our innovation pipeline across commercial duty
mobility and work solutions."
To learn more about Allison Ventures, visit
allisontransmission.com.
About Allison Transmission
Allison
Transmission (NYSE: ALSN) is a leading designer and manufacturer of
propulsion solutions for commercial and defense vehicles
and the largest global manufacturer of medium- and heavy-duty
fully automatic transmissions that Improve the Way the
World Works. Allison 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). Founded in 1915, the company is
headquartered in Indianapolis,
Indiana, USA. 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. For
more information, visit allisontransmission.com.
About EnerTech Capital
EnerTech Capital
is a globally recognized venture capital firm that has been
investing and partnering with innovators since 1996, empowering
entrepreneurs to build transformative technology companies. The
firm has pioneered an integrated approach to business building,
leveraging strategic collaboration across a diverse stakeholder
ecosystem to create value; with a focus on Mobility, Industry 4.0,
and Connected Customer. EnerTech's current platform has a
significant focus on emerging opportunities in the mobility space
across Electrification, Autonomy, Smart Mobility, and Connectivity.
The firm has a long history of working with corporate strategic
investors and providing value added insights and partnership
opportunities to support growth and innovation objectives.
EnerTech has offices in Toronto, Philadelphia, Palm Beach Gardens, Boston, and Orange
County.
For more information, visit:
www.enertechcapital.com
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SOURCE Allison Transmission Holdings Inc.