UK’s Allison Transmission invests in transport technology-focused VC firm Autotech

Allison says its team will benefit from Autotech’s tech scouting, tech absorption and team development capabilities

Allison Transmission, global manufacturer of automatic transmissions and electrified vehicle propulsion solutions, announced that it has committed to a USD15 million investment in Autotech Ventures, a Silicon Valley-based venture capital firm that invests in early-stage start-ups focused on connectivity, autonomy, sharing, electrification and digitization in the transport tech space, according to a release dated 12 January.