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Investment Firm
Overview
Cummins Inc. is a diesel engine manufacturer. The Company designs, manufactures, distributes and services diesel and natural gas engines, electric power generation systems and engine-related component products, including filtration, exhaust aftertreatment, fuel systems, fuel systems, controls systems, air handling systems and electric power.
The Company sells its products to original equipment manufacturers (OEMs), distributors and other customers worldwide. It serves its customers through a network of more than 600 company owned and independent distributor locations and more than 6,500 dealer locations in more than 190 countries and territories.
It has four segments: Engine, Power Generation, Components and Distribution.
In April 2011, the Company sold its exhaust business to Global Tube. In July 2012, the Company acquired the emission control assets of Hilite International in Marktheidenfeld. The Hilite assets are part of Cummins Emission Solution (CES).
Highlights
1919
Automotive
10001+
8
5
1
Late Stage Venture
N/A
Location
Columbus, Indiana, United States, North America
Contact Information
Social
Profile Resume
Cummins, established in 1919 and headquartered in United States, North America., specializes in Late Stage Venture investments across Clean Energy, Fuel Cell, Fuel, Automotive, Manufacturing, Financial Services, Venture Capital, Finance, Banking, Business Development. The organization boasts a portfolio of 8 investments, with an average round size of $42.6M and 1 successful exits. Their recent investments include ReliOn, Wuxi Cummins Turbo Technologies, 8VC, Manhattan Venture Partners, NewRoad Capital Partners. The highest investment round they participated in was $24.6B. Among their most notable exits are ReliOn and Wuxi Cummins Turbo Technologies. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.
Investment portfolio
8
0
5
1
Investments
8
Annouced Date | Organization Name | Industry | Money Raised |
---|---|---|---|
Mar 16, 2021 | - | - | 1.0M |
Nov 30, 2021 | Sion Power | Mobile | 20.0M |
Jul 28, 2022 | VoltStorage | Energy | 24.5M |
Apr 09, 2024 | - | - | 125.0M |
Exits
1
Funding Timeline
8
4
0
Funding Rounds
8
Cummins has raised 8 rounds. Their latest funding was raised on Apr 09, 2024 from a Series D - Platform Science round.
Annouced Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
---|---|---|---|---|
Mar 16, 2021 | Grant - Metropolitan Economic Development Association(MEDA) | - | 1.0M | - |
Nov 30, 2021 | Corporate Round - Sion Power | - | 20.0M | - |
Jul 28, 2022 | Series C - VoltStorage | - | 24.5M | - |
Apr 09, 2024 | Series D - Platform Science | - | 125.0M | - |
Investors
4
Cummins is funded by 4 investor(s). US Department of Energy and NYSERDA Kantor are the most recent investors.
Investor Name | Lead Investor | Funding Round | Money Raised |
---|---|---|---|
NYSERDA | No | Grant - Cummins | 262.5K |
- | No | Grant - Cummins | 5.0M |
- | Yes | Grant - Cummins | 5.0M |
US Department of Energy | Yes | Grant - Cummins | 75.0M |
Fund raised
2
Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.
Annouced Date | Fund Name | Money Raised |
---|---|---|
May 10, 2013 | OTPPLESS | 1.0M |
May 11, 2013 | OTPPLESS | 1.0M |
Invest in industries
Recent Activity
News
Sep 11, 2024
SeekingAlpha - Allison Transmission partners with Cummins on new electric hybrid drivetrain
News
Aug 15, 2024
Lane Report - Dan Cummins investing in new 500,000-sf Georgetown dealership
News
Aug 02, 2024
Morningstar - 2023-2024 Cummins Sustainability Progress Report: Innovation
News
Aug 01, 2024
MarketScreener - Cummins raises full-year outlook as demand picks up steam
News
Jul 29, 2024
Electrek - FSD 12.5, Cybertruck range extender, Cummins on H, and recycled solar
News
Jul 27, 2024
Electrek - Cummins’ new powertrain test facility proves: hydrogen is super sketchy