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, announced it is launching Allison Ventures.
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.
Also Read : KIOXIA Introduces Industry’s First UFS Ver. 4.0 Embedded Flash Memory Devices for Automotive Applications
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.
Allison Transmission 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 , buses, motorhomes, off-highway vehicles and equipment energy, mining and construction applications and defense vehicles.
SOURCE : BusinessWire