Growth strategies

Meritor announces additional investment in electric CV tech

Krista Sohm (from left), vice president and chief marketing and communications officer, Meritor; Paul Scott, chief technology officer, TransPower; Carl Anderson, senior vice president and chief financial officer, Meritor; TransPower’s Joshua Goldman, vice president, Business Development; Michael Simon, president and CEO; Harry Meyer, vice president, Service, Safety and Facilities; Meritor’s T.J. Reed, vice president, Front Drivetrain, NAFTA; and James Taylor, vice president, Rear Drivetrain, NAFTA.T.J. Reed, vice president, Front Drivetrain, NAFTA; and James Taylor, vice president, Rear Drivetrain, NAFTA.Krista Sohm (from left), vice president and chief marketing and communications officer, Meritor; Paul Scott, chief technology officer, TransPower; Carl Anderson, senior vice president and chief financial officer, Meritor; TransPower’s Joshua Goldman, vice president, Business Development; Michael Simon, president and CEO; Harry Meyer, vice president, Service, Safety and Facilities; Meritor’s T.J. Reed, vice president, Front Drivetrain, NAFTA; and James Taylor, vice president, Rear Drivetrain, NAFTA.T.J. Reed, vice president, Front Drivetrain, NAFTA; and James Taylor, vice president, Rear Drivetrain, NAFTA.

Meritor has announced an additional investment in TransPower, a provider of electrification technologies for large commercial vehicles, to support future growth. Terms of the transaction were not disclosed.

“This investment will allow us to advance the development of transformative electrification technologies for the commercial vehicle industry,” says Jay Craig, Meritor CEO and president. “Our collaboration with TransPower has proved successful in the early phase of our electrification strategy and we believe it will continue to create a winning formula as we look ahead to low-volume production in the future.”

Meritor’s investment will fund continued improvements in the development of controls for its eAxle and commercialization of electric vehicle system solutions from both companies. Through various programs with major OEMs, almost 100 vehicles are planned to be equipped with Meritor and TransPower electrification systems between 2019 and 2020, the company says.

Meritor says its eCarrier platform integrates an electric motor into the axle, freeing up space for batteries and other components. This flexible design is the foundation for various drivetrain configurations, including full electric, hybrid and single or tandem axles with various options based on product application for vehicle Classes 5-8.

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