About Efficient Drivetrains
Efficient Drivetrains is a company based in Palo Alto (United States) founded in 2006 was acquired by Cummins in July 2018. Efficient Drivetrains has raised $31.81 million across 9 funding rounds from investors including Cummins and H&Q Asia Pacific. The company has 7 employees. Efficient Drivetrains operates in a competitive market with competitors including InMotive, U Power, Torotrak, G-edrive and Vagatron, among others.
- Headquarter Palo Alto, United States
- Employees 7
- SectorsTransportation, Automotive & Logistics
- Website efficientdrivetrains.com
- Social LinkedIn
- Acquired by Cummins (Jul 2018)
- Legal Name Efficient Drivetrains Inc
Funding Insights of Efficient Drivetrains
Efficient Drivetrains has successfully raised a total of $31.81M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $4.8 million completed in February 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $31.81M
- Total Rounds 9
- Last Round Series C — $4.8M
- First Round $250,000
(Jun 2007)
- Investors Count 1
All 9 funding rounds of Efficient Drivetrains with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2018 | $4.8M | Series C | – | – | – |
| Sep 2017 | $1.78M | Series C | – | – | – |
| Aug 2017 | $2.6M | Series C | – | – | – |
| Dec 2016 | $4.8M | Series C | – | – | – |
| Sep 2016 | $10.46M | Series C | – | H&Q Asia Pacific | – |
| Dec 2014 | $3M | Series B | – | – | – |
| Jul 2014 | $3.5M | Series A | – | – | – |
| Jun 2011 | $625,000 | Seed | – | – | – |
| Jun 2007 | $250,000 | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Efficient Drivetrains
Efficient Drivetrains has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Cummins and H&Q Asia Pacific.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Buyouts are targeted via private equity by H&Q Asia Pacific. | – | hqap.com | Palo Alto, United States | |
Manufacturer of gas-powered construction equipment | 1919 | cummins.com | United States |
Investor details for Efficient Drivetrains
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Efficient Drivetrains
3 people are tracked at Efficient Drivetrains (1 in leadership, 2 in team); the tracked headcount is 7.
| Name | Role | Group |
|---|---|---|
Andrew Alfonso Frank | Chief Technology Officer | Leadership |
Sharon Liu | Engineer | Team |
Beau Camaren | Mechanical Development Engineer | Team |
Complete people profiles for Efficient Drivetrains
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of Efficient Drivetrains
4 dated milestones of Efficient Drivetrains across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Efficient Drivetrains is founded.
- Funding First funding round of $250K.
- Funding Latest funding round, Series C, of $4.8M.
- Exit Acquired by Cummins.
Competitors of Efficient Drivetrains
Efficient Drivetrains operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as InMotive, U Power, Torotrak, G-edrive and Vagatron, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| inmotive.com | 2010 | Toronto, Canada | $600,000 | 32 | Patented transmission systems for electric vehicle motors are developed. | |
| upower.com | 2021 | Hefei, China | – | – | AI-driven super boards are manufactured for electric vehicle design. | |
| torotrak.com | 1997 | Leyland, United Kingdom | – | 77 | Develops automotive transmission products using toroidal variator technology for enhanced performance. | |
| g-edrive.com | 2018 | Beijing, China | $7.13M | – | Powertrains, electric drives, and transmission systems for EVs are manufactured. | |
| vagatron.com | 2017 | Chennai, India | – | – | Manufactures series hybrid trucks and buses using linear engine technology. | |
| precitorq.in | 2022 | Pune, India | – | – | Provides end-to-end transmission solutions for electric vehicles and robotics applications. | |
| evttech.com | 2016 | China | – | – | Develops transmission systems for electric vehicles in stealth mode. |
Detailed competitors of Efficient Drivetrains
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Latest news on Efficient Drivetrains
Complete news archive for Efficient Drivetrains
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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Similar companies to Efficient Drivetrains
10 companies that operate in the same segment as Efficient Drivetrains (Electric & Green Mobility), ranked by their profile score on The Company Check.
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App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 1,247 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – | |
Autonomous aerial vehicles are provided for consumer and commercial uses. | 2014 | Guangzhou, Guangdong, China | USD 94 M | USD 58.15 M | 483 |
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Frequently Asked Questions about Efficient Drivetrains
Efficient Drivetrains was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Efficient Drivetrains is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Efficient Drivetrains is a funded company, having raised a total of $31.81M across 9 funding rounds to date. The company's 1st funding round was a Seed of $250K, raised on Jun 2007.
Efficient Drivetrains has 7 employees.
Efficient Drivetrains was founded in 2006 in Palo Alto, United States, within the automotive sector. Hybrid electric drivetrain systems, including continuously variable transmissions, are developed and produced for electric, hybrid, and plug-in hybrid vehicles. Applications span cars, trucks, and buses through parallel architectures, specialized components, and control software. Series A funding of 3.5 million was secured in 2014 from investors including Jinyuan Development Company.
Efficient Drivetrains has 2 investors. Key investors include Cummins, and H&Q Asia Pacific.
Efficient Drivetrains operates through Efficient Drivetrains Inc.
Yes. Efficient Drivetrains was acquired by Cummins in July 2018.