Global Tier 1 Supplier Gains Exclusive
Business, Innovation, Technology Access
DETROIT, May 5, 2023
/PRNewswire/ -- American Axle & Manufacturing Holdings, Inc.
(AAM), (NYSE: AXL), a leader in driveline and metal forming
technology, today announced a $10
million 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 vast network of
business alliances and emerging technology, all supporting mobility
innovation that can help enhance AAM's products and operations.
"AAM is committed to continuing our leadership as a Tier 1
global mobility supplier," said David C.
Dauch, AAM Chairman and Chief Executive Officer. "We look
forward to working with EnerTech and its global alliances to
support AAM's mission of bringing the future faster and developing
the next generation of mobility innovation."
EnerTech, founded in 1996, has a long history of working with
corporate strategic investors like AAM and is dedicated to
providing companies across the mobility landscape
with investment capital expertise, and strategic support.
EnerTech's GSMF supports the vision and ingenuity of those driving
creation and positive change, specifically as it relates to
emerging mobility innovations and growing global decarbonization
targets.
AAM's investment in GSMF provides the company with access to new
startup and fully 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.
About AAM: As a leading global Tier 1 Automotive and
Mobility Supplier, AAM (NYSE: AXL) designs, engineers and
manufactures Driveline and Metal Forming technologies to support
electric, hybrid and internal combustion vehicles. Headquartered in
Detroit with over 80 facilities in
18 countries, AAM is Bringing the Future Faster for a safer
and more sustainable tomorrow. To learn more, visit aam.com.
About EnerTech Capital: EnerTech Capital is a globally
recognized venture capital firm that has been investing and
partnering with innovators since 1996, empowering entrepreneurs to
build transformative technology companies. EnerTech's current
platform has a significant focus on emerging opportunities in the
mobility space across electrification, connectivity, autonomy, and
digitization sectors. The firm has a long history of working with
corporate strategic investors and providing value added insights
and partnership opportunities to support growth and innovation
objectives. To learn more, visit EnerTechCapital.com.
AAM Media
Contacts
Christopher M. Son,
AAM
Vice President, Marketing & Communications
(313)
758-4814
chris.son@aam.com
|
AAM Investor
Contacts
David H. Lim
Head of Investor
Relations
(313)
758-2006
david.lim@aam.com
|
View original content to download
multimedia:https://www.prnewswire.com/news-releases/aam-invests-in-enertech-global-strategic-mobility-fund-301816572.html
SOURCE American Axle & Manufacturing Holdings, Inc.