Home Truck News Allison Ventures formed to invest in emerging technologies - Truck News

Allison Ventures formed to invest in emerging technologies – Truck News

Allison Transmission has formed a venture capital firm to help drive technology advancements in commercial-duty mobility and work applications.

Allison Ventures will invest in and partner with startup and growth-stage companies. It will be embedded within Allison’s corporate business structure.

“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 company says it will invest in technologies that will shape the future of commercial-duty mobility and work industries, with initial areas of interest including new technologies and innovations related to connectivity, digitization, automation, sustainability, electrification, manufacturing and operations.

Credit: Source link


Please enter your comment!
Please enter your name here

Must Read

Robotic Research rebrands as Forterra – Truck News

Robotic Research Autonomous Industries (RRAI), the autonomous truck technology provider working with...

Allison Ventures invests in Niron Magnetics – Truck News

The recently formed Allison Ventures, a venture capital arm owned by Allison...

Alberta providing $2.8m to attract women to trucking – Truck News

To help address the driver shortage in Alberta, the provincial government allocated...

Whiting Systems celebrates 50 years in business – Truck News

Whiting Systems celebrates 50 years of manufacturing large vehicle wash systems this...

Mackie Moving rebranded as Canadian Preferred Moving – Truck News

Mackie Moving, now in its 96th year of business, has been rebranded...