Meritor invests in electric drive solutions provider TransPower

TransPower truck.jpg

A strategic investment in California-based startup TransPower has been confirmed by Meritor. Meritor’s investment is seen to benefit its large commercial vehicles. TransPower supplies full electric trucking solutions and integrated drive systems along with energy-storage subsystems.

“TransPower’s extensive knowledge and hands-on experience with electrical vehicle (EV) technologies and system integration gives us a competitive advantage in developing electrical drive systems for this evolving market,” said Jay Craig, Meritor CEO & president.

Meritor is making a more toward electric vehicle components and according to Craig, “this investment reinforces our commitment to deliver high-efficiency solutions for medium- and heavy-duty vehicles supported by proven solutions.”

The investment will help Meritor accelerate its flexible electric axle platform. The platform is expected to be available in various drivetrain configurations, “including full-electric, hybrid, single or tandem axles,” according to the press release. TransPower said its electric drive solutions have logged an estimated 110,000 miles.

Transpower can also retrofit the solutions onto vehicles. Company President & CEO Michael Simon described the Meritor investment as one that “could enable large-scale manufacturing of electric drive components and systems.” With Meritor’s century-long legacy meeting the future of transport technology through Transpower, Simon added, “Our expertise in systems engineering and controls for EVs complements Meritor’s strong brand and century of experience in designing and manufacturing drivetrain products for the commercial vehicle industry.”

Meritor also announced the launch of its Mach brand with “approximately 2,000 part numbers for the company’s driveline, drive axle and transmission offerings.”

Stay up-to-date with the latest commentary and insights on FreightTech and the impact to the markets by subscribing.