Meritor Invests in TransPower to Accelerate Electric Platform Development

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Heavy Duty Trucking (HDT)  /  December 7, 2017

Meritor announced a strategic investment in TransPower, an electrification technology for large commercial vehicles, to help speed the development of its electric vehicle platforms.

California-based TransPower supplies various electric vehicle components to major manufacturers of trucks, buses, refuse vehicles and terminal tractors. The company has been focused exclusively on developing electrical drive solutions for more than seven years. The terms of the transaction were not disclosed, but Meritor expects to accelerate introduction of its flexible electric axle platform with this investment.

"TransPower's extensive knowledge and hands-on experience with electrical vehicle technologies and system integration gives us a significant competitive advantage in developing electrical drive systems for this evolving market," said Jay Craig, CEO and president for Meritor. "This investment reinforces our commitment to deliver high-efficiency solutions for medium- and heavy-duty electric vehicles supported by proven solutions."

Meritor’s flexible electric axle platform is being designed for various drivetrain configurations, including full electric, hybrid, and single or tandem axles. It's going to be targeted to medium-duty urban applications, as well as off-road and severe duty applications.

TransPower CEO Michael Simon said the company’s electric drive solutions have been used in commercial vehicles built by major manufacturers in daily use, logging around 110,000 miles so far. The company’s systems can also be retrofitted into existing vehicle platforms.  

"Meritor's investment in TransPower could enable large-scale manufacturing of electric drive components and systems," Simon said. "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."

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Meritor announces investment in electric vehicle tech company

Commercial Carrier Journal (CCJ)  /  December 8, 2017

Meritor is the latest truck component company to embrace electrification, announcing Friday a strategic investment in TransPower, a leader in electrification technologies for large commercial vehicles.

Terms of the transaction were not disclosed.

Meritor President and CEO Jay Craig, CEO says TransPower’s knowledge and hands-on experience with electrical vehicle technologies and system integration gives the company a significant competitive advantage in developing electrical drive systems in the evolving market.

“This investment reinforces our commitment to deliver high-efficiency solutions for medium- and heavy-duty electric vehicles supported by proven solutions,” he says.

California-based 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. The company has been focused exclusively on developing electrical drive solutions for more than seven years.

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.

TransPower’s electric drive solutions have been in daily use in commercial vehicles built by major OEMs with approximately 110,000 miles logged, according to Michael Simon, president and CEO, TransPower. The company also retrofits its electric drive solutions into existing vehicle platforms.

“Meritor’s investment in TransPower could enable large-scale manufacturing of electric drive components and systems,” Simon says. “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.”

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https://www.bigmacktrucks.com/topic/35887-transpower-unveils-their-latest-generation-electric-heavy-truck/?hl=transpower

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Meritor Buys TransPower, Advancing Electrification Plans

Heavy Duty Trucking (HDT)  /  January 17, 2020

Meritor, Inc. has announced it recently acquired all the outstanding common shares of Transportation Power, Inc., better known as TransPower.

The comapny said the addition of TransPower to its portfolio "advances its M2022 priorities through increased investment in advanced technologies," adding that the move "aligns with the values of Meritor's Blue Horizon brand," the company's platform of advanced technologies centered on electrification.

"We are excited to welcome TransPower to the Meritor family as we continue providing our customers with sophisticated electric drivetrain solutions," said Jay Craig, Meritor CEO and president. "This acquisition enables us to further position the company as a premier supplier of electrification technologies for commercial vehicles."

Early last year, Meritor announced more than 20 electrification programs with global OEMs, which are expected to put at least 130 fully electric medium- and heavy-duty commercial trucks on the road through 2020. The company began a strategic investment in TransPower in 2017, hoping to speed the development of its electric vehicle platform.

Meritor doubled down on this strategy last April, by increasing its investment to fund continued improvements in the development of controls for its eAxle and the commercialization of electric vehicle system solutions from both companies.

Soon after, the two companies announced the completion of two multi-year projects for the development, testing. and evaluation of advanced, zero-emission electric yard tractors and Class 8 trucks.