Cummins

Cummins

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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

Founded

1919

Industry

Automotive

Employees

10001+

Investment

8

Lead Investment

5

Exits

1

Stages

Late Stage Venture

Investor Type

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.

Employees

imagePlace Patrick Ward

Patrick Ward

CFO

imagePlace Sherry Aaholm

Sherry Aaholm

Chief Digital Officer (CDO)

imagePlace Thomas Linebarger

Thomas Linebarger

Executive Chairman

imagePlace Stephen Dobbs

Stephen Dobbs

Member of the Board of Directors

imagePlace Marya Rose

Marya Rose

Chief Administrative Officer

imagePlace Hazel C. Zengeni

Hazel C. Zengeni

Engineering Manager

Investment portfolio

Cummins has made 8 investments. Their most recent investment was on Jul 28, 2022, when VoltStorage raised $24.5M.

investments

8

Diversity investments

0

Lead investments

5

Number of exits

1

Investments

8

Annouced DateOrganization NameIndustryMoney Raised
Mar 16, 2021--1.0M
Nov 30, 2021
Sion Power Sion Power
Mobile20.0M
Jul 28, 2022
VoltStorage VoltStorage
Energy24.5M
Apr 09, 2024--125.0M

Exits

1

Funding Timeline

Funding rounds

8

Investors

4

Funds

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 DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
Mar 16, 2021
Grant - Metropolitan Economic Development Association(MEDA) Grant - Metropolitan Economic Development Association(MEDA)
-1.0M-
Nov 30, 2021
Corporate Round - Sion Power Corporate Round - Sion Power
-20.0M-
Jul 28, 2022
Series C - VoltStorage Series C - VoltStorage
-24.5M-
Apr 09, 2024
Series D - Platform Science 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 NameLead InvestorFunding RoundMoney Raised
NYSERDA NYSERDA
No
Grant - Cummins
262.5K
-No
Grant - Cummins
5.0M
-Yes
Grant - Cummins
5.0M
US Department of Energy 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 DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image OTPPLESS
1.0M

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