TransPower

Poway, United States Founded: 2010 • Age: 16 yrs Acquired By Meritor
Electric drive systems for commercial vehicles and battery energy storage systems
Annual revenue - Latest available
Total funding $3.0M 5 rounds
Employees 76 Tracked headcount
Investors 4 Known backers
Products - Services tracked
Competitors 9 Brand Intelligence

About TransPower

TransPower is a company based in Poway (United States) founded in 2010 by James Burns was acquired by Meritor in January 2020. TransPower has raised $3 million across 5 funding rounds from investors including DOE, Meritor and California Energy Commission. The company has 76 employees as of December 31, 2020. TransPower operates in a competitive market with competitors including A123 Systems, Powin Energy, VIA Motors, Cadenza Innovation and Hexagon Purus, among others.

  • Headquarter Poway, United States
  • Employees 76 as on 31 Dec, 2020
  • Founders James Burns
  • Sectors
    Transportation, Automotive & Logistics
    Energy & Utilities
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Transportation Power Inc
Operational Areas
Transportation, Automotive & Logistics → Automotive Technology & Mobility Solutions Unlock Sub-Sector Unlock Segment
Energy & Utilities → Energy Storage & Efficiency Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $3 M (USD)

    in 5 rounds

  • Latest Funding Round
    Not available
  • Investors
    DOE

    & 3 more

  • Employee Count
    76

    as on Dec 31, 2020

  • Acquired by
    Meritor

    & 1 more

    (Jan 16, 2020)

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People of TransPower

Headcount 10-50
Employee Profiles 11
Employee Profiles
People
Dmitri Adam
Intergration Electrician
People
Ben Moshier
Principal Test Engineer
People
Erik Musil
Electrical / Controls Engineer

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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.

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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Government agency focused on clean energy investments
Locked Locked Locked
Transmission and braking components are manufactured for commercial vehicles.
Locked Locked Locked
Energy sources and policies are managed by the DOE.
Locked Locked Locked
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Investor details for TransPower

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Investments & Acquisitions by TransPower

Investments
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Investment portfolio details for TransPower

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Financial Statements - TransPower

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Detailed financials for TransPower

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Transpower Comparisons

TransPower Primary company
Description
Electric drive systems for commercial vehicles and battery e...
Location
Poway, United States
Founded Year
2010
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
76
As of 2020
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Peer comparison for TransPower

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Competitors of TransPower

TransPower 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 A123 Systems, Powin Energy, VIA Motors, Cadenza Innovation and Hexagon Purus, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Lithium-ion batteries for automotive and industrial uses are manufactured.
Locked Locked Locked
Energy storage systems are provided for grid-level and behind-the-meter applications.
Locked Locked Locked
Electric drive systems for commercial vehicles are provided.
Locked Locked Locked
Lithium-ion battery systems for energy storage are developed.
Locked Locked Locked
Hydrogen-based batteries and systems for electric vehicles are manufactured.
Locked Locked Locked
Developer of powertrain system for multi-category vehicles
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Detailed competitors of TransPower

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Latest news on Transpower

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Complete news archive for 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.

As of Dec 31, 2020, the latest employee count at TransPower is 76.

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.

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