Allison Transmission, a top designer and producer of traditional and electrified automobile propulsion methods, is happy to announce it has dedicated to a $15 million expenditure in Autotech Ventures, a enterprise funds company that is aiding to pave the way for the up coming frontier of mobility
Allison Transmission, a top designer and producer of standard and electrified vehicle propulsion remedies, is happy to announce it has committed to a $15 million expense in Autotech Ventures, a undertaking cash business that’s encouraging to pave the way for the next frontier of mobility.
Based in Silicon Valley, Autotech invests in and gives consulting products and services to early-stage transport technologies begin-ups targeted on connectivity, autonomy, sharing, electrification and digitization in the transportation tech area. Autotech is comprised of a team with deep experience in the floor transportation industry, which gives them with a unique skill to engage and guidance startups that will enhance the upcoming of the mobility sector.
“We are happy to develop into a constrained spouse in Autotech Ventures and bolster our company growth team’s initiatives to detect strategic chances and make investments in impressive corporations,” said Todd Bradford, Vice President, System, Enterprise and Company Development, Allison Transmission. “In a swiftly changing marketplace, this partnership is even more testimony of Allison’s commitment to remaining a leading innovator in propulsion remedies across all the close markets we provide.”
The new partnership with Autotech will offer Allison with immediate publicity to applicable startups, undertaking funds experience and completely vetted significant-tech providers in strategic locations of the transportation marketplace. The partnership also aligns with Allison’s commitment to advance its propulsion alternatives to meet and exceed consumer demands in the ever-evolving and uncompromising business car marketplace.
“Allison recognizes that a wide variety of engineering answers will be needed to protect the business vehicle landscape, as the business continues its evolution,” stated Mike Foster, Main Technological know-how Officer, Allison Transmission. “Our collaboration with Autotech and the chopping-edge firms they engage with will allow for Allison to proceed to diversify our portfolio of upcoming-era options.”
The Allison group will gain from Autotech’s tech scouting, tech absorption and crew enhancement abilities, which offer major insight into transport tech market intelligence and aid agility in speedily shifting markets, even though augmenting Allison’s company exploration and enhancement and business advancement abilities. These sturdy offerings will guidance the company’s interior crew in accelerating the cycles of innovation, empowering Allison to continue to be agile and strengthening its means to produce on its brand promise to provide the most responsible and valued propulsion answers to help its shoppers get the job done more competently.
Source: Allison Transmission