TransPower | Meritor Announces Investment in TransPower to Accelerate Electrical Vehicle Platforms | TransPower

Meritor Announces Investment in TransPower to Accelerate Electrical Vehicle Platforms

December 11, 2017
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From PR Newswire, December 07, 2017.

TROY, Mich., Dec. 7, 2017 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced a strategic investment in TransPower, a leader in electrification technologies for large commercial vehicles. Terms of the transaction were not disclosed.

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.

Read the rest of the article Meritor Announces Investment in TransPower to Accelerate Electrical Vehicle Platforms.

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Logo courtesy meritor.com.

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