# Efficient Drivetrains

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/efficient-drivetrains

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Milpitas, US
- Website: www.efficientdrivetrains.com
- Total disclosed funding: $11M
- Latest round: Series C (May 25, 2016)
- Investors on record: 5

## About

Efficient Drivetrains, Inc. focuses on delivering advanced electrification solutions for commercial and public transportation vehicles, enhancing fuel efficiency and reducing emissions with innovative hybrid and electric drive systems.Efficient Drivetrains, Inc. was founded in 2006 and is headquartered in Milpitas, US. The company specializes in hybrid and electric drive systems for various vehicles, transitioning towards more sustainable transportation methods. In July 2018, Cummins Inc. acquired Efficient Drivetrains, with financial terms undisclosed. The company has participated in 9 deals, with its latest funding round occurring on July 2, 2018, raising USD 1.78 mn, bringing the total amount raised to USD 1.78 mn.Efficient Drivetrains, Inc. specializes in advanced electrification solutions designed to enhance efficiency in commercial and public transportation vehicles. Their product offerings include hybrid and electric drive systems that optimize fuel consumption and lower emissions across heavy-duty applications. These systems cater to a range of vehicle types, such as buses and trucks, and aim to improve sustainability and operational performance. The company serves a diverse clientele, including municipal transit authorities, fleet operators, and vehicle manufacturers, with deployments across North America and select international markets.Efficient Drivetrains generates revenue primarily through B2B transactions, engaging in direct sales and partnerships with manufacturers and fleet operators. Their hybrid and electric drive systems are offered through a variety of pricing models, which may include one-time payments or long-term agreements. These transactions often involve detailed contracts that define service agreements and performance metrics, ensuring value delivery over the product lifecycle and reinforcing long-term client relationships.Efficient Drivetrains, Inc. plans to leverage its recent funding to enhance product development and expand its market reach. The company aims to introduce new electrification solutions and efficiently penetrate additional geographical regions, including emerging markets for sustainable transportation. The acquisition by Cummins Inc. is expected to provide new opportunities for growth and innovation, aligning with the company's strategy to lead in electrification advancements.

## Funding rounds

- Series C, May 25, 2016, $7.8M — H&Q Asia Pacific, Jiaxing Daxin Investment Partnership
- Series B, Jul 31, 2014, $3M — SVB Capital, Jinyuan Development Company, Shanghai Gui Guo Assets Management Partnership

## Investors

- SVB Capital (https://capitalatlas.ai/funds/svb-capital) — Series B
- Jinyuan Development Company — Series B
- Shanghai Gui Guo Assets Management Partnership — Series B
- H&Q Asia Pacific (https://capitalatlas.ai/funds/h-q-asia-pacific) — Series C
- Jiaxing Daxin Investment Partnership — Series C