BorgWarner

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.

Joseph Fadool

COO

Frederic Lissalde

CEO and Board Member

21 past transactions

Eldor Corporation

Acquisition in 2023
Eldor Corporation is an international leader in the automotive sector, providing essential components and technologies to major automotive manufacturers worldwide. The company specializes in ignition systems and electronic control units, offering a range of products such as plug-top ignition coils, engine electrification systems, high voltage belt starter generators, converters, and board chargers. Additionally, Eldor Corporation focuses on e-mobility solutions, including charging stations and fuel cells, enabling clients to access efficient and innovative automotive technologies.

Drivetek

Acquisition in 2022
Drivetek specializes in electric drive technology, focusing on the development of customized drive systems that encompass hardware, software, system engineering, and electrical machines. The company offers a range of products, including standard motors, inverters, and DC-DC converters, which can be tailored to meet specific client requirements in terms of form factor, size, weight, or functionality. Drivetek supports its customers throughout the entire process, from initial concept to product launch, providing consulting services that address application-specific motion and electrical control technology. Through its in-house development capabilities, Drivetek aims to deliver high-end solutions efficiently and cost-effectively.

Surpass Sun Electric

Acquisition in 2022
Surpass Sun Electric is a company based in Xiangyang, China, that specializes in the manufacturing and development of electric vehicle (EV) chargers. Founded in 1997, the company focuses on providing patented charging solutions and has expanded its offerings to include power quality optimization, energy storage, and hybrid system solutions. Surpass Sun Electric aims to enable its global customers to access safe, clean, and efficient green power, positioning itself as an important player in the electrification sector.

Rhombus Energy Solutions

Acquisition in 2022
Rhombus Energy Solutions, Inc. specializes in power control and energy conversion systems, focusing on energy storage, micro-grid solutions, and vehicle charging applications. The company manufactures a variety of products, including converters, inverters, and power management systems designed for renewable energy integration and variable frequency devices. Its energy storage solutions encompass battery management systems and interfaces suitable for intelligent micro-grid applications, commercial backup power, and renewable energy support. Additionally, Rhombus provides micro-grid solutions that integrate renewable power sources and demand-side management systems, catering to diverse sectors such as institutional facilities, military locations, and disaster relief efforts. The company also offers contracted product development services and high-power certification testing. Headquartered in San Diego, California, Rhombus Energy Solutions is recognized for its advanced, high-efficiency technology and a strong team of experts in the energy sector.

Santroll

Acquisition in 2022
Santroll specializes in designing and manufacturing advanced eMotors utilizing hairpin and concentrated-winding technology for light vehicles. The company provides its patented solutions to the Chinese original equipment manufacturer (OEM) market, focusing on electric and hybrid power system technologies. Santroll's product offerings include hybrid power systems, electric passenger car motors, controllers, and power steering systems. With a workforce of nearly 400 full-time employees, Santroll is positioned to serve the growing demand for innovative automotive technologies in China.

Qnovo

Series C in 2022
Qnovo is a company focused on advancing lithium-ion battery technology through its innovative battery management software and predictive analytics. Established in 2010 and headquartered in Milpitas, California, Qnovo aims to enhance the performance and safety of electric vehicles, energy storage systems, and consumer devices. The company has developed a unique approach to battery charging that involves real-time measurement of battery health, allowing for faster charging and extended battery lifespan. With a portfolio of over 50 patents, Qnovo collaborates with leading automotive manufacturers and has its technology integrated into over 150 million smartphones globally. Its investors include prominent firms in the technology and climate sectors.

Enexor BioEnergy

Series A in 2021
Enexor BioEnergy is an energy company based in Franklin, Tennessee, founded in 2015. It focuses on renewable and distributed energy solutions aimed at addressing global challenges related to organic and plastic waste. The company has developed a small-scale renewable energy and carbon conversion system that transforms organic, biomass, or plastic waste into reliable onsite electricity, thermal energy, and high-purity carbon dioxide. By offering these innovative solutions, Enexor BioEnergy enables clients to significantly reduce harmful greenhouse gas emissions.

CelLink

Venture Round in 2021
CelLink Corporation is an innovative company focused on developing flexible conductive backplanes and circuits for power electronics, including applications in batteries, solar panels, light-emitting diodes, and wire harnessing. Founded in 2012 and based in Belmont, California, CelLink manufactures high-conductance, large-area flexible circuits designed to facilitate clean power transmission. Their products integrate essential components such as busing, fusing, and voltage and temperature monitoring into a single circuit, providing customers with efficient solutions for power and data transmission at competitive prices. By offering advanced technology in a growing market, CelLink aims to support the increasing demand for sustainable energy solutions.

Akasol

Acquisition in 2021
Akasol AG is a manufacturer based in Darmstadt, Germany, specializing in the development, manufacture, and distribution of liquid-cooled, rechargeable lithium-ion battery systems. Established in 1990, the company produces high-performance battery systems for various applications, including buses, commercial vehicles, rail vehicles, industrial vehicles, and marine vessels. In addition to battery systems, Akasol develops battery management and thermal management technologies, as well as software for these systems. The company also provides after-sales services to support its products, ensuring safety, reliability, and compliance in the electric transport sector. Akasol operates both domestically and internationally, catering to a growing demand for sustainable energy solutions.

Romeo Power

Post in 2020
Romeo Power, Inc. is an energy technology company specializing in the design and manufacture of lithium-ion battery modules and packs specifically for commercial electric vehicles. Founded in 2015 and headquartered in Vernon, California, the company aims to facilitate sustainable transportation by offering energy-dense battery systems that provide superior performance, including enhanced acceleration, extended range, and improved safety. Romeo Power's product lineup includes Hermes modules tailored for trucks and buses, and the Brown Recluse, a passive cooling system that optimizes heat transfer and can be integrated into various vehicle configurations. The company’s solutions are customizable and scalable, supported by a proprietary battery management system that enhances the longevity and efficiency of its battery offerings.

Delphi Technologies

Acquisition in 2020
Delphi Technologies is a global provider of advanced propulsion technologies that enhance vehicle performance and environmental sustainability. The company specializes in solutions for internal combustion engines, hybrid, and electric vehicles, catering to both passenger and commercial markets. Based in London, UK, Delphi Technologies leverages its original equipment expertise to deliver innovative aftermarket service solutions. The company develops a range of products, including electronic controls, propulsion controllers, power electronics such as inverters and chargers, as well as critical components for engine management, including ignition systems and fuel modules. With operations in 24 countries and a workforce exceeding 21,000 employees, Delphi Technologies is committed to driving the future of mobility through cleaner and more efficient vehicle technologies.

Romeo Power

Corporate Round in 2019
Romeo Power, Inc. is an energy technology company specializing in the design and manufacture of lithium-ion battery modules and packs specifically for commercial electric vehicles. Founded in 2015 and headquartered in Vernon, California, the company aims to facilitate sustainable transportation by offering energy-dense battery systems that provide superior performance, including enhanced acceleration, extended range, and improved safety. Romeo Power's product lineup includes Hermes modules tailored for trucks and buses, and the Brown Recluse, a passive cooling system that optimizes heat transfer and can be integrated into various vehicle configurations. The company’s solutions are customizable and scalable, supported by a proprietary battery management system that enhances the longevity and efficiency of its battery offerings.

Tula Technology

Venture Round in 2017
Tula Technology, Inc. specializes in the development and marketing of the Dynamic Skip Fire (DSF) cylinder deactivation system, a cutting-edge powertrain technology that combines digital signal processing with powertrain controls to enable variable displacement engines. This technology helps automotive manufacturers enhance fuel efficiency and meet stringent CO2 emissions standards. Founded in 2008 and headquartered in San Jose, California, with an engineering center in Plymouth, Michigan, Tula serves a global clientele, including customers in the United States, Germany, Japan, China, and Korea. The company is recognized for its innovative approach, holding over 320 patents related to various technologies and focusing primarily on applications for passenger vehicles and commercial heavy-duty trucks. Tula's solutions are rooted in software rather than hardware, yielding significant results, as evidenced by one million vehicles utilizing its technology to reduce emissions and improve fuel savings. The company is also exploring efficiency solutions in areas such as robotics, e-aviation, and industrial machinery.

Sevcon

Acquisition in 2017
Sevcon, Inc. is a designer and manufacturer of motor controllers specifically for zero emission and hybrid electric vehicles. Headquartered in Southborough, Massachusetts, the company operates in several countries including the United States, the United Kingdom, France, Korea, and Japan. Sevcon's controllers enable the precise control of vehicle speed and movement, integrate specialized functions, and enhance the longevity of vehicle power sources. Its products are utilized by manufacturers of a diverse range of vehicles, including automobiles, scooters, motorcycles, buses, fork lift trucks, aerial lifts, mining vehicles, airport ground support vehicles, utility vehicles, and sweepers. Additionally, Sevcon produces metalized film capacitors, which serve as components in power electronics, signaling, and audio equipment markets. Established in 1987, Sevcon focuses on optimizing energy consumption and reducing air pollution within the automotive industry.

Remy International

Acquisition in 2015
Remy International is a manufacturer and remanufacturer in the automotive, heavy duty, and transportation industry. We produce starters, alternators and electrical components for worldwide distribution. Today, with a strong market presence in North America, Europe, Latin America and Asia,

Tula Technology

Venture Round in 2015
Tula Technology, Inc. specializes in the development and marketing of the Dynamic Skip Fire (DSF) cylinder deactivation system, a cutting-edge powertrain technology that combines digital signal processing with powertrain controls to enable variable displacement engines. This technology helps automotive manufacturers enhance fuel efficiency and meet stringent CO2 emissions standards. Founded in 2008 and headquartered in San Jose, California, with an engineering center in Plymouth, Michigan, Tula serves a global clientele, including customers in the United States, Germany, Japan, China, and Korea. The company is recognized for its innovative approach, holding over 320 patents related to various technologies and focusing primarily on applications for passenger vehicles and commercial heavy-duty trucks. Tula's solutions are rooted in software rather than hardware, yielding significant results, as evidenced by one million vehicles utilizing its technology to reduce emissions and improve fuel savings. The company is also exploring efficiency solutions in areas such as robotics, e-aviation, and industrial machinery.

Gustav Wahler GmbH u. Co. KG

Acquisition in 2013
Wahler is a manufacturer of EGR valves, EGR tubes and thermostats. With a total employee base of about 1,250, it counts Daimler AG (DDAIF), Volkswagen AG (VLKAY), BMW, General Motors Company (GM) and John Deere among its customers. Wahler’s units are located across Germany, Brazil, U.S., China and Slovakia.

Haldex

Acquisition in 2010
Haldex AB is a Swedish manufacturer specializing in the development, production, and distribution of brake and suspension systems for commercial vehicles. The company offers a range of products, including brake components, air suspension systems, and safety devices specifically designed for heavy vehicles. Haldex serves a diverse clientele, including major truck and trailer manufacturers in North America and Europe, such as Daimler, Freightliner, and Volvo, as well as aftermarket distributors like Europart and Napa. Its extensive product portfolio encompasses essential components and subsystems integral to complete air brake systems, including air disc brakes, actuators, valves, and air treatment solutions.

Dytech ENSA

Acquisition in 2010
Dytech ENSA SL, a producer of exhaust gas recirculation (EGR) coolers, EGR tubes, and integrated EGR modules including valves for automotive and commercial vehicle applications, both on- and off-road. With locations in Spain, Portugal and India.

BERU Systems

Acquisition in 2004
BERU Systems specializes in automotive ignition technology, focusing on the development and manufacture of diesel cold-start systems, ignition coils, and related components for the automobile industry. It is recognized as a leading brand in the market, particularly for diesel cold-start systems, holding an estimated 40% share of the global market for glow plugs. BERU serves a diverse client base, including nearly all original equipment manufacturers of automobiles, commercial vehicles, and engines. The brand is exclusively distributed by Federal-Mogul in the global aftermarket, providing quality parts to prominent car manufacturers and well-known distributors. The main production facilities for BERU's products, including glow plugs and ignition coils, are located in Ludwigsburg, Germany. The company's commitment to technical innovation and product development has established it as a key player in the automotive sector.

Beru Ag

Acquisition in 2004
Beru AG is a leading global automotive supplier and manufacturer of diesel cold starting technology (glow plugs and instant starting systems); gasoline ignition technology (spark plugs and ignition coils); and electronic and sensor technology (tire pressure sensors, diesel cabin heaters and selected sensors.) The company's major customers include, among others, BMW, DCX, GM/Fiat, VW/ Audi, Ford, Porsche, PSA, Renault, Isuzu, Siemens VDO, Valeo, Deutz, and MAN.
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