Michigan Economic Development

The Michigan Economic Development Corporation (MEDC), established in 1999, is a public-private partnership agency based in Lansing, Michigan. It is dedicated to fostering economic growth and job creation across the state. The MEDC achieves this by offering a range of business assistance services and capital programs, including business attraction and acceleration, entrepreneurship support, talent enhancement initiatives, and urban and community development projects. Additionally, it promotes tourism, film, and digital media industries, as well as arts and cultural affairs, through various incentives and grants. The MEDC works with businesses, entrepreneurs, and communities both locally and globally to strengthen Michigan's economy.

Quentin Messer Jr.

Chief Executive and Economic Competitiveness Officer, President and Chairman of Michigan Strategic Fund

Past deals in Transportation

Rhythmos

Grant in 2025
Rhythmos.io specializes in analyzing electric vehicle (EV) charging data to optimize energy use and assist utilities in adapting to the growth of electric mobility. The company's platform offers a distribution system-optimized approach that improves asset management for utilities and electric vehicle fleets. By providing insights into the effects of EV load on the distribution grid, Rhythmos promotes transparency for utilities, fleet managers, and EV manufacturers. This transparency helps minimize the infrastructure investments needed for charging stations, which in turn supports the transition to electric vehicles while maintaining affordable electricity rates. Ultimately, Rhythmos contributes to the decarbonization of the power grid and enhances the overall electric mobility ecosystem.

Revision Autonomy

Grant in 2024
Revision Autonomy is a transportation innovation company focused on enhancing automated driving technologies. The company specializes in advanced computer vision solutions that improve the functionality of existing advanced driver assistance systems (ADAS). By enabling vehicles equipped with cameras to accurately perceive their environment regardless of weather conditions, Revision Autonomy enhances safety and performance, particularly in adverse situations such as snow. Through its innovative software, the company aims to ensure that automated safety features remain operational, allowing drivers to navigate safely even in challenging weather.

Blueflite

Grant in 2024
Blueflite previously Flugauto is a B2B tech company developing a world-class platform for aerial delivery of industrial cargo for the energy industry. For businesses that want to transport cargo, we offer the benefits of a helicopter, speed, and access to remote locations, but at the cost of ground transportation. We do this by leveraging our proprietary UAS technology which we provide as a Platform-as-a-Service. This helps companies streamline their material management, reduce costs and carbon emissions associated with logistics, warehousing, and unplanned maintenance, as well as reduce the risk of injuries and fatalities.

ORB Aerospace

Grant in 2024
Orb Aerospace, founded in 2017 and headquartered in Lowell, Michigan, is a manufacturing company dedicated to developing an innovative electric aircraft aimed at transforming the aviation sector. The company's aircraft is designed to address challenges posed by natural disasters and conflicts, featuring redundant propulsion and flight-critical systems for enhanced safety. It employs a combination of propulsion methods to facilitate both vertical and horizontal flight, and its modular wings can be tailored for specific missions and applications, ensuring maximum utility for clients. Through its advancements, Orb Aerospace seeks to contribute to safer and more efficient aerial solutions.

Civilized Cycles

Grant in 2024
Civilized Cycles specializes in the manufacture of electric bicycles designed for comfort, utility, and safety. Their e-bikes feature an all-aluminum frame and a lightweight battery equipped with two USB ports for convenient charging. Engineered for diverse environments, these bicycles are suitable for city streets, dirt tracks, and suburban areas. They include waterproof integrated panniers and an automatic suspension system that adjusts at the touch of a button, enhancing both safety and comfort. Civilized Cycles aims to provide a quality riding experience that is both practical and environmentally friendly.

Bedestrian

Grant in 2024
Bedestrian specializes in autonomous delivery solutions tailored for the healthcare and retail sectors. The company has developed a unique driverless vehicle system that includes a nimble lead vehicle and a modular, cost-effective trailer. These robots are equipped with a smart voice assistant and an optional temperature-controlled storage unit, allowing for the efficient delivery of various goods, including prescription medications, food, and packages. Additionally, Bedestrian offers a software platform called INFOBOTICS, which facilitates navigation, logistics, and effective human-machine interaction at both the point of use and point of sale. This innovative approach aims to streamline the delivery process and enhance operational efficiency for its clients.

Livaq

Grant in 2024
Livaq is a manufacturer of electric all-terrain vehicles (ATVs), designed to provide customers with an off-road travel experience. The company's products combine clean technology with a focus on sustainability, aiming to create a harmonious blend between nature and the thrill of adventure.

Voltpost

Grant in 2024
Voltpost is a company that transforms lampposts into smart electric vehicle (EV) charging stations, enhancing accessibility for users. By converting existing lampposts into a modular and upgradable Level 2 charging platform, Voltpost offers a convenient and affordable solution for EV charging. This innovative approach not only simplifies the charging process through a mobile app but also reduces the costs, time, and space typically associated with traditional charging stations. The company aims to accelerate electric vehicle adoption by providing scalable curbside charging options for cities and businesses, ultimately contributing to the decarbonization of mobility and facilitating greater access to charging infrastructure.

Intramotev

Grant in 2023
Intramotev Autonomous Rail specializes in the manufacture of autonomous, zero-emission rail vehicles aimed at transforming freight transportation. The company produces electric cargo trains that operate autonomously, equipped with advanced sensors and vision systems to enhance safety. These vehicles are designed for use in specialized private railroads, such as those serving mines, manufacturing facilities, and ports. Intramotev’s technology offers a more efficient and cost-effective solution for moving materials compared to traditional diesel-electric locomotives and trucks. The electric drivetrains provide lower emissions, shorter stopping distances, and the ability to navigate steeper grades, making them a viable alternative for the rail and mining industries.

BorgWarner

Grant in 2023
BorgWarner is a prominent global supplier of powertrain solutions, focusing on technologies that enhance fuel efficiency, reduce emissions, and improve vehicle performance. The company operates through three primary segments: the air management group, which manufactures turbochargers, e-boosters, emissions systems, and thermal management products; the drivetrain and battery systems group, which produces components for automatic transmissions, torque management, and battery systems; and the e-propulsion segment, responsible for e-motors and power electronics. With a diverse customer base, BorgWarner's largest clients include Ford and Volkswagen, accounting for significant portions of its revenue. The company's extensive global presence enables it to support its varied customers effectively, with a notable share of its business derived from Europe.

Workhorse Group

Grant in 2022
Workhorse Group is an American technology company based in Loveland, Ohio, specializing in the design and manufacture of battery-electric vehicles and aircraft. Founded in 2007, the company produces medium-duty trucks under the Workhorse brand and develops cloud-based telematics systems for fleet operators to enhance energy and route efficiency. Additionally, Workhorse Group offers the HorseFly delivery drone system, an octocopter-based UAV integrated with electric delivery trucks for efficient last-mile deliveries. The company's approach involves using automotive-grade parts and proprietary control software to build its battery-electric power trains.

VDL Steelweld

Grant in 2017
VDL Groep, with its head office in Eindhoven (The Netherlands), is an international industrial company focused on the development, production, and sales of semi-manufactured products, buses & coaches and finished products and the assembly of cars. Since the founding in 1953 this family-owned company has grown to include 87 operating companies, spread over 19 countries with approximately 10,500 employees. The strength of VDL Groep lies in the mutual cooperation between the companies.

Current Motor

Series A in 2011
Current Motor Company is based in Ann Arbor, Michigan, and specializes in the development and manufacture of electric motor scooters aimed at urban commuters. The company produces all-electric maxi-scooters that are designed to be fast, fun, and affordable, offering zero-emission transportation solutions. These maxi-scooters can reach speeds of up to 70 MPH and have a range of up to 50 miles, charging conveniently from a standard 110V outlet in approximately five hours. Current Motor sells and services its products through a network of dealers and has formed a strategic partnership with Dakkota Integrated Systems. The company is supported by various investors, including BELLE Capital and the State of Michigan.
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