Allison Transmission, a designer and manufacturer of conventional and electrified vehicle propulsion solutions and global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, has announced the launch of Allison Ventures.
According to the company, Allison Ventures will strategically invest in, and partner with, startup and growth-stage companies to foster advancements in commercial-duty mobility and work solutions. Focusing on technologies that will shape the future of commercial-duty mobility and work solutions, the team will work to advance Allison’s global strategy in the mobility market. Allison Ventures is not a separate investment fund but embedded within Allison’s corporate team.
Allison Transmission Vice President Todd Bradford says the move will allow the company to increase its innovation pipeline in support of industry technology advancement, also furthering its mission to "Improve the Way the World Works."
Initial areas of interest include new technologies and business model innovations related to connectivity, digitization, automation, sustainability, electrification, manufacturing and operations.
![Next Gen Controls Conventional[1]](https://img.oemoffhighway.com/files/base/acbm/ooh/image/2022/05/Next_Gen_Controls_Conventional_1_.627ad3209c898.png?auto=format%2Ccompress&fit=crop&h=135&q=70&w=240)
