American Axle & Manufacturing Holdings, Inc. 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 says it 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.”
AAM says its 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.
For more information, visit aam.com.
