About TransPower
TransPower is a Transportation, Automotive & Logistics company based in Poway (United States) founded in 2010 by James Burns, and was acquired by Meritor in January 2020. It operates as an electric drive systems for commercial vehicles and battery energy storage systems. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. TransPower has raised $3 million across 5 funding rounds from investors including DOE, Meritor and California Energy Commission. The company has 76 employees. Its focus areas include Energy Tech, Energy Storage Tech, Energy Storage System and Lithium Ion. Its legal entity is TRANSPORTATION POWER INC. Its competitors include A123 Systems, Powin Energy, VIA Motors, Cadenza Innovation and Hexagon Purus and 3 more; 6 of its 8 listed competitors have raised funding.
Company details
TransPower was founded in 2010 and is based in Poway, United States. Electric drive systems for commercial vehicles, such as on-road trucks, school buses, transit buses, yard tractors, and heavy-duty applications, are developed. Battery energy storage systems are also produced. Fuel-cell hybrid systems are integrated with these electric drives to function as range extenders in the automotive sector.
- Headquarters Poway, United States
- Employees 76
- Founders James Burns
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Website transpowerusa.com
- Social LinkedIn X Facebook
- Acquired by Mission Critical Electronics (Dec 2018)
- Legal Name Transportation Power Inc
Funding Insights of TransPower
TransPower has successfully raised a total of $3M across 5 strategic funding rounds. 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 $3M
- Total Rounds 5
- First Round $3.7M
(Jul 2013)
- Investors Count 3
All 5 funding rounds of TransPower with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
4 investors in total: 4 institutional.
Investors in TransPower
TransPower has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include DOE, Meritor and California Energy Commission.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency focused on clean energy investments | 1974 | energy.ca.gov | United States | |
Transmission and braking components are manufactured for commercial vehicles. | 1909 | meritor.com | Troy, United States | |
Energy sources and policies are managed by the DOE. | 1977 | energy.gov | - | |
Platform for electronic and electrical applications | 2011 | mission-critical-electronics.com | Orange, United States |
Investor details for TransPower
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People of TransPower
12 people are tracked at TransPower (5 in leadership, 7 in team); the tracked headcount is 76.
| Name | Role | Group |
|---|---|---|
James Burns | Co-Founder & CSO | Leadership |
Frank Falcone | Vp, Powertrain Engineering | Leadership |
Ameya Jathar | Vp, Engineering | Leadership |
Harold Meyer | Vp, Manufacturing | Leadership |
Paul Scott | Vp, Advanced Technologies | Leadership |
Dmitri Adam | Intergration Electrician | Team |
Steven Sy | Electrical Technician | Team |
Michael Zavatsky | Engineer | Team |
Bradley Moore | Engineering Technician | Team |
Wayne Beech | Controls Engineer | Team |
Ben Moshier | Principal Test Engineer | Team |
Erik Musil | Electrical / Controls Engineer | Team |
Complete people profiles for TransPower
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Timeline of TransPower
5 dated milestones of TransPower across 10 years, from founding to its latest funding, stage changes and deals.
- Founded TransPower is founded.
- Funding First funding round of $3.7M.
- Exit Acquired by Mission Critical Electronics.
- Funding Latest funding round, Series A,.
- Exit Acquired by Meritor.
Competitors of TransPower
TransPower has 8 listed competitors in our database, 6 of them funded. They include A123 Systems, Powin Energy, VIA Motors, Cadenza Innovation and Hexagon Purus, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| a123systems.com | 2001 | Hangzhou, China | $201.26M | 886 | Lithium-ion batteries for automotive and industrial uses are manufactured. | |
| powinenergy.com | 2010 | Tualatin, United States | $260M | 100 | Energy storage systems are provided for grid-level and behind-the-meter applications. | |
| viamotors.com | 2010 | Orem, United States | $56.4M | 105 | Electric drive systems for commercial vehicles are provided. | |
| cadenzainnovation.com | 2016 | Oxford, United States | $20.27M | 28 | Lithium-ion battery systems for energy storage are developed. | |
| hexagonpurus.com | 2018 | Alesund, Norway | – | 688 | Hydrogen-based batteries and systems for electric vehicles are manufactured. | |
| vitesco-technologies.com | 2018 | Hannover, Germany | – | 6,284 | Developer of powertrain system for multi-category vehicles | |
| korepower.com | 2018 | Idaho Falls, United States | $75.1M | 132,692 | Lithium-based energy storage systems are manufactured for utilities. | |
| isecorp.com | 1995 | San Diego, United States | $23.1M | – | Hybrid electric drive systems for heavy-duty vehicles were developed. |
Detailed competitors of TransPower
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Top companies in Electric & Green Mobility
10 companies that operate in the same segment as TransPower (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | – | 2,813 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
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 | 418 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – |
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Related news about Transpower
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Frequently Asked Questions about TransPower
TransPower was founded in 2010 and raised its 1st funding round 3 years after it was founded.
TransPower is headquartered in Poway, United States. It is registered at Poway, California, United States.
TransPower is a funded company, having raised a total of $3M across 5 funding rounds to date. The company's 1st funding round was a Grant of $3.7M, raised on Jul 2013.
TransPower has 76 employees.
TransPower was founded in 2010 and is based in Poway, United States. Electric drive systems for commercial vehicles, such as on-road trucks, school buses, transit buses, yard tractors, and heavy-duty applications, are developed. Battery energy storage systems are also produced. Fuel-cell hybrid systems are integrated with these electric drives to function as range extenders in the automotive sector.
TransPower's top competitors include A123 Systems, Powin Energy and Cadenza Innovation.
TransPower has 4 investors. Key investors include DOE, Meritor, California Energy Commission, and Mission Critical Electronics.
TransPower operates through Transportation Power Inc.
Yes. TransPower was acquired by Mission Critical Electronics in December 2018.