Allison Transmission to Drive Innovation with New Venture Capital Arm
30 Janvier 2024 - 10:36PM
Business Wire
Allison Ventures to invest in early and growth
stage companies to drive technology advancement across
commercial-duty mobility and work solutions.
Allison Transmission, a leading designer and manufacturer of
conventional and electrified vehicle propulsion solutions and the
largest global manufacturer of medium- and heavy-duty fully
automatic transmissions for commercial and defense vehicles, today
announced it is launching Allison Ventures.
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the full release here:
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Allison Ventures will strategically invest in, and partner with,
start-up and growth-stage companies to foster advancements in
commercial-duty mobility and work solutions. The team is focused on
advancing Allison’s global strategy in the ever-evolving mobility
market. Allison Ventures is not a separate investment fund but
embedded within Allison’s corporate team.
“Allison Ventures will allow us to increase our innovation
pipeline in support of industry technology advancement across
commercial-duty mobility and work solutions to further our mission
to Improve the Way the World Works," said Todd Bradford, Vice
President, Strategy, Business and Corporate Development, Allison
Transmission.
The Allison Ventures team will focus on technologies that will
shape the future of commercial-duty mobility and work solutions.
Initial areas of interest to include new technologies and business
model innovations related to connectivity, digitization,
automation, sustainability, electrification, manufacturing and
operations.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240130751076/en/
Claire Gregory Director, Global External Communications
Claire.Gregory@allisontransmission.com (317) 694-2065
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