Meritor Invests in TransPower
Commercial vehicle supplier Meritor Inc. announced a strategic investment in TransPower, a provider of electrification technologies for large commercial vehicles. Terms of the transaction were not disclosed.
With its investment in TransPower, Meritor expects to accelerate introduction of its flexible electric axle platform for various drivetrain configurations, including full electric, hybrid, single or tandem axles. Meritor’s lightweight carrier is designed for city delivery, medium-duty and transit bus, as well as off-road and severe-duty applications, the Troy, Mich.-based company said.
TransPower supplies integrated drive systems, full electric truck solutions and energy-storage subsystems to major manufacturers of trucks, school buses, refuse vehicles and terminal tractors.
TransPower’s electric drive solutions have been in daily use in commercial vehicles built by major original equipment manufacturers with about 110,000 miles logged, according to TransPower CEO Michael Simon. The company also retrofits its electric drive solutions into existing vehicle platforms.
Transportation Power Inc., doing business as TransPower, is a privately held company based in Escondido, Calif.