Cummins India Limited, established in 1962, is the leading manufacturer of diesel and natural gas engines in the country. As part of the global Cummins Group, it operates through three main business units: Engine, Power Systems, and Distribution. The company designs and manufactures a range of products, including fuel systems, air handling systems, filtration products, emission solutions, and electric power generation systems. Cummins India serves various markets, offering engines for low, medium, and heavy-duty vehicles, as well as off-highway equipment in sectors like construction. Its extensive distribution network includes over 600 company-owned and independent distributor locations, along with more than 6,500 dealer locations across more than 190 countries and territories. The company's operations are organized into segments that focus on Engines, Power Generation, Components, and Distribution, with the Engine segment being the primary source of revenue.
Executive Director Power Systems Industrial and Aftermarket Business
Ricardo Roman
Vice President of Components Finance
15 past transactions
First Mode
Acquisition in 2025
First Mode specializes in developing and manufacturing decarbonization solutions tailored for heavy industry partners committed to achieving a clean energy future. The company provides a range of products, including vehicle retrofits that incorporate diesel hybrid, battery electric, and hydrogen fuel cell systems, facilitating the transition of mining and rail fleets towards zero emissions. In addition to these retrofits, First Mode offers comprehensive services that encompass concept development, detailed design, analysis, integration, testing, and deployment of technologies across various sectors, including space, natural resources, and automotive. By focusing on innovative infrastructure solutions, First Mode demonstrates that decarbonization is achievable even in challenging environments, addressing pressing environmental concerns for both people and the planet.
Platform Science
Series D in 2024
Platform Science, Inc. specializes in developing and integrating hardware and software solutions alongside IoT infrastructure for the transportation sector. Founded in 2014 and headquartered in La Jolla, California, the company offers a connected vehicle platform that provides essential telematics functionality, including applications for compliance, safety, and productivity. This platform supports dynamic hardware configurations and partner integrations, facilitating innovations within the ecosystem. Additionally, Platform Science provides fleet management applications that enhance compliance, improve driver experience, and optimize productivity. Operating as a subsidiary of Daimler Trucks North America, the company focuses on adapting its services to meet the evolving needs of the logistics industry and regulatory landscape.
VoltStorage
Series C in 2022
VoltStorage GmbH, based in Olching, Germany, specializes in developing and producing power storage devices that utilize eco-friendly redox flow technology. The company's flagship product, VoltStorage, is a vanadium redox flow battery system designed to store excess electricity generated by solar panels during the day for use at night. This innovative approach enables homeowners to access renewable energy around the clock, promoting sustainability and environmental responsibility. In addition to its products, VoltStorage offers installation and technical support services, ensuring customers can effectively integrate these systems into their homes. The company aims to make renewable energy more accessible and contribute to a cleaner, fairer world for future generations.
Meritor
Acquisition in 2022
Meritor, Inc. is a manufacturer of integrated systems, modules, and components tailored for the commercial vehicle and industrial markets. Established in 1909 and headquartered in Troy, Michigan, the company specializes in drivetrain, mobility, braking, and suspension solutions for various applications, including medium- and heavy-duty trucks, trailers, off-highway machinery, and defense vehicles. Meritor operates through two main segments: Commercial Truck, which focuses on supplying drivetrain systems and components like axles and brakes, and Aftermarket and Industrial, which provides replacement parts to commercial vehicle and industrial aftermarket customers. The company markets its products under several brands, including Meritor, Euclid, and AxleTech, and distributes them primarily in North America, South America, Europe, and the Asia Pacific. With over a century of experience, Meritor is committed to delivering innovative solutions that meet the needs of original equipment manufacturers and aftermarket clients globally.
Jacobs Vehicle Systems
Acquisition in 2022
Jacobs Vehicle Systems is a leading manufacturer and supplier of engine retarding and valve actuation technology, primarily serving the automobile industry. The company specializes in producing high-performance engine brakes, including exhaust, bleeder, and compression release brakes, which enhance vehicle safety and efficiency. With a strong commitment to research, engineering, and development, Jacobs Vehicle Systems aims to deliver reliable and innovative solutions that improve productivity for its clients while reducing costs and waste. The company's expertise in engine braking technology positions it as a key player in advancing new developments within the industry.
Sion Power
Corporate Round in 2021
Sion Power Corporation specializes in the research, development, manufacturing, and supply of lithium-sulfur rechargeable batteries, primarily for electric vehicles, unmanned aerial vehicles, and stationary power applications. Founded in 1989 and based in Tucson, Arizona, Sion Power has established itself as a leader in high-energy battery technology, offering significant performance improvements over traditional lithium-ion batteries. The company's proprietary Licerion technology enables the production of lithium-sulfur cells with energy densities reaching up to 500 Wh/kg, effectively doubling the energy density of conventional batteries while maintaining the same size and weight. Sion Power also focuses on licensing its protected lithium anode (PLA) materials to partners, enhancing the capabilities of its batteries for various automotive and other applications. Through these advancements, Sion Power aims to meet the evolving energy storage needs of the electric vehicle and aerospace markets.
Metropolitan Economic Development Association(MEDA)
Grant in 2021
Meda provides business consulting, access to capital, and market opportunities for minority entrepreneurs. Meda also operates a business development center under cooperative agreement with the Minority Business Development Agency (MBDA) of the U.S. Department of Commerce. The Minneapolis MBDA Business Center connects Minnesota Minority Business Enterprises (MBEs) with business opportunities. In 2016, Meda served 676 customers through our combined service offerings and helped minority businesses secure $165 million in contracts. Since its beginning in 1971, Meda has helped more than 20,000 entrepreneurs of color and assisted in the start-up of more than 550 businesses.
Loop Energy
Corporate Round in 2020
Loop Energy Inc. specializes in designing, developing, and marketing electric and hydrogen fuel cell solutions aimed at heavy-duty transportation applications. Founded in 2000 and headquartered in Burnaby, Canada, the company focuses on creating pollution-free transportation technologies that significantly reduce harmful emissions. Its fuel cell systems are versatile, catering to various applications including backup power and portable uses. By integrating electric and hydrogen technologies, Loop Energy enables organizations to replace heavy-duty diesel engines with more sustainable alternatives, offering a competitive cost of ownership while minimizing environmental impact.
Loop Energy
Post in 2019
Loop Energy Inc. specializes in designing, developing, and marketing electric and hydrogen fuel cell solutions aimed at heavy-duty transportation applications. Founded in 2000 and headquartered in Burnaby, Canada, the company focuses on creating pollution-free transportation technologies that significantly reduce harmful emissions. Its fuel cell systems are versatile, catering to various applications including backup power and portable uses. By integrating electric and hydrogen technologies, Loop Energy enables organizations to replace heavy-duty diesel engines with more sustainable alternatives, offering a competitive cost of ownership while minimizing environmental impact.
Efficient Drivetrains
Acquisition in 2018
Efficient Drivetrains, Inc. specializes in the development and marketing of advanced drivetrain technologies for plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs), and battery electric vehicles (BEVs). The company produces high-efficiency continuously variable transmissions, drivetrain controllers, and battery modules, along with associated software that optimizes energy management and reduces fuel consumption and emissions. Efficient Drivetrains also offers engineering support services, technology licensing, and electrification kits tailored for vehicle manufacturers and integrators. The firm serves a diverse clientele across the United States, Canada, Europe, China, India, and Asia, leveraging a network of distribution partners to reach companies involved in the development of electric vehicle systems and components. Founded in 2006 and headquartered in Milpitas, California, Efficient Drivetrains operates a research and development center in Dixon, California, and functions as a subsidiary of Cummins Inc.
Brammo
Acquisition in 2017
Brammo is an electric vehicle technology company based in North America that specializes in the design and development of electric motorcycles, including models such as the Enertia, Empulse, and Engage. The company also serves as an original equipment manufacturer (OEM), providing advanced Brammo Digital Drivetrain systems, which feature the Brammo Power battery pack and vehicle management system. Brammo's operations extend across North America, Europe, and Asia, focusing on promoting environmentally friendly transportation solutions through its range of plug-in electric motorcycles, sport motorcycles, supermoto, and off-road motorcycles. By catering to the growing demand for sustainable vehicles, Brammo aims to contribute to a cleaner, pollution-free environment.
Cummins Turbo Technologies
Funding Round in 2016
Cummins Turbo Technologies, a subsidiary of Cummins Inc., specializes in the manufacture and distribution of turbochargers designed specifically for diesel engines. Established in 1996 and headquartered in Wuxi, China, the company focuses on delivering innovative solutions to enhance engine performance and efficiency. Through its advanced technology and engineering capabilities, Cummins Turbo Technologies plays a significant role in the global diesel engine market.
ReliOn
Funding Round in 2013
ReliOn is a leading developer and marketer of modular, cartridge-based proton exchange membrane (PEM) fuel cell technology. The company specializes in providing stationary fuel cells designed for emergency and backup power, uninterruptible power supplies, and off-grid power applications. Serving a diverse clientele that includes telecommunications, energy, transportation, and government sectors, ReliOn's commercially available fuel cells have a proven track record, with over 1,900 kW sold and delivered both domestically and internationally. Their product offerings encompass various configurations and systems tailored to meet the specific needs of private and public entities, including major telecommunications providers and utility companies.
Hilite International
Acquisition in 2012
Hilite International is a manufacturer of automotive systems and components, serving the passenger car and commercial vehicle markets. The company operates across Asia, Europe, and North America, providing a range of products that include engine components, e-mobility solutions, thermal systems, and transmission assemblies. Hilite International focuses on developing technologies that contribute to reducing fuel consumption and minimizing exhaust emissions from combustion engines, aligning with the industry's push for greater efficiency and sustainability.
Nelson Industries
Acquisition in 1997
Nelson is a filtration and exhaust manufacturer.
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