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, is launching Allison Ventures to drive the next generation of products and services advancing the commercial and defense vehicle industry.
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 initial areas of interest include new technologies and business model innovations related to connectivity, digitization, automation, sustainability, electrification, manufacturing and operations within the commercial and defense vehicle industry. Allison Ventures will focus on early and growth stage start-ups throughout North America, Europe and Asia. Investments are targeted between $1-5 million each, with provisions for follow-on investment.
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