Meritor increases stake in TransPower to push e-truck developments
By Jim Gibbins - 1st May 2019
Transportation Power Inc* (TransPower), an advanced clean transportation technology company, established in 2010 and based in Escondido, California, and Meritor Inc of Troy, Michigan, a manufacturer of axles and brake systems announced last month completion of two multi-year projects for the development, testing and evaluation of advanced, zero-emission electric yard tractors and Class 8 trucks. The projects were supported with grants from the California Energy Commission under its Alternative and Renewable Fuels and Vehicle Technologies Program, which promote new vehicle technologies that reduce petroleum consumption and production of harmful vehicle emissions.
Meritor, which in December 2017 made a strategic investment in TransPower, announced in March 2019 it has increased its investment further in TransPower with the intention of accelerating development and sale of an entire family of electric drive products. Chris Villavarayan, senior vice president and president, Global Truck for Meritor, remarked: "By continuing to advance electrification technology through this investment, we are positioning Meritor to be a major player in this emerging industry segment. We believe the solutions we are developing will be preferred by commercial vehicle manufacturers around the world."