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
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Transportation Power Inc
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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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(09 Jul 2013)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2019 | Amount | Series A - TransPower | Valuation | Meritor |
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| Nov, 2017 | Amount | Series A - TransPower | Valuation | Meritor |
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| Aug, 2014 | Amount | Debt – Conventional - TransPower | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government agency focused on clean energy investments
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Founded Year | Domain | Location | |
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Transmission and braking components are manufactured for commercial vehicles.
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Founded Year | Domain | Location | |
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Energy sources and policies are managed by the DOE.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TransPower
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TransPower
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Transpower Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Lithium-ion batteries for automotive and industrial uses are manufactured.
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| domain | founded_year | HQ Location |
Energy storage systems are provided for grid-level and behind-the-meter applications.
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| domain | founded_year | HQ Location |
Electric drive systems for commercial vehicles are provided.
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| domain | founded_year | HQ Location |
Lithium-ion battery systems for energy storage are developed.
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| domain | founded_year | HQ Location |
Hydrogen-based batteries and systems for electric vehicles are manufactured.
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| domain | founded_year | HQ Location |
Developer of powertrain system for multi-category vehicles
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Transpower
Frequently Asked Questions about TransPower
When was TransPower founded?
TransPower was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Where is TransPower located?
TransPower is headquartered in Poway, United States. It is registered at Poway, California, United States.
Is TransPower a funded company?
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 Debt – Conventional of $139.61M, raised on Jul 09, 2013.
How many employees does TransPower have?
As of Dec 31, 2020, the latest employee count at TransPower is 76.
What does TransPower do?
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.
Who are the top competitors of TransPower?
TransPower's top competitors include A123 Systems, Powin Energy and Cadenza Innovation.
Who are TransPower's investors?
TransPower has 4 investors. Key investors include DOE, Meritor, California Energy Commission, and Mission Critical Electronics.
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