American Axle & Manufacturing Holdings, Inc., (NYSE: AXL), a leader in driveline and metal forming technology, made a $10m investment in the Global Strategic Mobility Fund (GSMF), a venture capital fund managed by EnerTech Capital.
As a strategic partner, AAM gains access to EnerTech’s network of business alliances and emerging technology, all supporting mobility innovation that can help enhance AAM’s products and operations.
AAM’s investment in GSMF provides the company with access to new startup and vetted high-tech companies that are advancing automotive technologies in the electrification, connectivity, autonomy and digitization sectors. This includes exposure to academic research, market intelligence, new business development opportunities and data from public-private coalitions accelerating innovation in the clean mobility space.
Founded in 1996, EnerTech Capital is a venture capital firm that has been investing and partnering with entrepreneurs to build transformative technology companies. Its current platform focuses on emerging opportunities in the mobility space across electrification, connectivity, autonomy, and digitization sectors.
Led by David C. Dauch, Chairman and Chief Executive Officer, AAM designs, engineers and manufactures Driveline and Metal Forming technologies to support electric, hybrid and internal combustion vehicles. Headquartered in Detroit, the company has over 80 facilities in 18 countries.
FinSMEs
08/05/2023