Cummins India

Cummins Inc., founded in 1919, is a prominent American corporation that specializes in the design, manufacture, and global distribution of diesel and natural gas engines. The company is a leading producer of engines utilized in commercial trucks, off-highway machinery, and railroad locomotives, as well as standby and prime power generators. In addition to engines, Cummins offers a range of powertrain components, including transmissions, turbochargers, aftertreatment systems, and fuel systems. Operating through several business units, including Engine, Power Systems, and Distribution, Cummins has established a significant presence in markets worldwide. Despite facing intense competition from heavy-duty truck manufacturers and increasing regulatory pressures regarding carbon emissions, Cummins has successfully maintained its leadership position in the industry. In India, Cummins India Limited serves as the largest entity of the company, further solidifying its role as a key player in the manufacturing sector.

Gbile Adewunmi

Executive Director Power Systems Industrial and Aftermarket Business

Ricardo Roman

Vice President of Components Finance

10 past transactions

Sion Power

Corporate Round in 2021
Sion Power is the global leader in the development of a new generation of high-energy, rechargeable lithium batteries for portable power, mobile electronics, and electric vehicles. Based on the five times higher energy available from sulfur ions compared to other lithium chemistries, Sion Power's lithium-sulfur cell offers significant improvements in performance over current rechargeable batteries. Sion Power is advancing the rechargeable battery industry through its groundbreaking Licerion® technology. Licerion represents a sophisticated evolution in lithium-metal batteries, boasting twice the energy density within the same size and weight as traditional lithium-ion batteries. With an impressive energy density of up to 500 Wh/kg, Licerion batteries are manufactured at scale in large-format cells. This innovation holds the promise of substantially improving the performance of electric vehicles for both commercial and consumer use.
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 is a developer of pollution-free transportation solutions intended to reduce the emission of harmful gasses.The company develops fuel cell technology systems for applications such as back-up power, transportation and portable applications with a combination of electric and hydrogen technology, enabling organizations to get heavy-duty diesel engines at a competitive cost of ownership, with no pollution burden.

Loop Energy

Post in 2019
Loop Energy is a developer of pollution-free transportation solutions intended to reduce the emission of harmful gasses.The company develops fuel cell technology systems for applications such as back-up power, transportation and portable applications with a combination of electric and hydrogen technology, enabling organizations to get heavy-duty diesel engines at a competitive cost of ownership, with no pollution burden.

Efficient Drivetrains

Acquisition in 2018
Efficient Drivetrains Inc. (EDI) designs and manufactures high-efficiency continuously variable transmissions (CVT) for electric vehicle developers, manufacturers, and suppliers. EDI's hybrid electric drivetrain systems and technologies provide significant cost and efficiency advantages by using parallel drivetrain architectures, unique components, proprietary control software and algorithms. The company's products have direct applications in Electric Vehicles (EVs), Hybrid Electric Vehicles (HEVs), and Plugin Hybrid Electric Vehicles (PHEVs), across nearly all platforms classes and configurations including trucks, buses and cars.

Brammo

Acquisition in 2017
Brammo is an electric vehicle technology company headquartered in North America. Brammo designs and develops electric vehicles including the Enertia, Empulse, and Engage motorcycles. It is an OEM supplier of its innovative Brammo Digital Drivetrain(TM) systems including the Brammo Power(TM) battery pack and Brammo Power(TM) vehicle management system. Brammo has vehicle distribution and marketing operations in North America, Europe, and Asia

Cummins Turbo Technologies

Funding Round in 2016
Wuxi Cummins Turbo Technologies Co. Ltd, established in 1996 and based in Wuxi, China, specializes in the manufacturing of turbochargers specifically designed for diesel engines. As a subsidiary of Cummins Inc., the company plays a significant role in the production and distribution of high-performance turbocharging solutions within the automotive and industrial sectors.

ReliOn

Funding Round in 2013
ReliOn is the world leader in the development and marketing of modular, cartridge-based, proton exchange membrane fuel cell technology. Currently, they are marketing a range of stationary fuel cells for emergency and backup power requirements, uninterruptible power supplies, digital power needs and a variety of off grid power requirements. ReliOn serves private and public entities as diverse as telecommunications, energy, transportation, and government. Their PEM fuel cells are commercially available today. They have sold and delivered more than 1,900kW of fuel cells in the U.S. and abroad, and count among their customers major telecommunications providers, government communication sites and utilities.

Hilite International - Assets

Acquisition in 2012
Hilite International - Assets develops and manufactures automotive systems and components for passenger cars and commercial vehicles.

Nelson Industries

Acquisition in 1997
Nelson is a filtration and exhaust manufacturer.
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