TLDR:
- Allison Transmission has announced a $10 million investment in EnerTech Capital, a venture capital firm focused on emerging technologies in the mobility space.
- This strategic partnership will allow Allison to gain insights into trends in mobility and collaborate with like-minded companies.
Allison Transmission’s venture capital arm, Allison Ventures, has committed to a $10 million investment in EnerTech Capital, a venture capital firm specializing in emerging technologies in the mobility sector. This partnership will provide Allison with access to EnerTech’s vast network of high-tech companies advancing automotive technologies in electrification, connectivity, autonomy, and digitization.
Wally Hunter, Managing Partner at EnerTech Capital, expressed excitement about Allison’s investment in their latest fund, The Global Strategic Mobility Fund. He mentioned that the partnership between Allison Transmission and EnerTech Capital will offer actionable insights into emerging technologies, complementing Allison’s internal innovation strategy. Allison joins nine other corporate investors in the fund, and the collaboration is expected to leverage synergies to build out the investment portfolio.
Through EnerTech’s network, Allison Ventures will have the opportunity to work with like-minded companies committed to developing new technologies and business models that enhance the technology, energy, utility, and transportation sectors. Insights into mobility trends, market research, business development opportunities, and data will further enhance Allison’s capabilities.
Todd Bradford, Vice President of Strategy, Business, and Corporate Development at Allison Transmission, highlighted EnerTech’s goal of redefining the mobility sector through investments in companies shaping the future of the industry. He mentioned that this strategic partnership will accelerate Allison’s efforts to enhance innovation across commercial duty mobility and work solutions.
This investment signifies Allison Transmission’s commitment to staying at the forefront of technological advancements in the mobility space and underscores their dedication to fostering innovation and collaboration within the industry.
