Converting Gas Guzzlers To Hybrids

June 16, 2011 – “If all goes to plan, ALTe, founded by Tesla Motor veterans and backed by former Chrysler CEO Tom LaSorda, will start shipping out its powertrain kits in July 2012. The startup has already secured $16.5 million in capital and is looking to raise another $100 million in debt and win a $65 million loan from the U.S. Department of Energy.

“Everyone seems to be saying ‘yes’ right now,” CEO John Thomas tells Xconomy. “Two years ago, there were a lot of ‘maybes’ and ‘nos’. For the first time, it looks like our financing will be in place.”

Read the entire article by Thomas Lee, found in Xconomy | Detroit,  HERE

More News

AUBURN HILLS, Mich., – November 4, 2013 – ALTe Powertrain Technologies (ALTe), today has announced the appointment of Darren C. Post to the newly created role of Chief Operating Officer effective immediately.

AUBURN HILLS, Mich., – August 23, 2013 –ALTe Powertrain Technologies (ALTe), the developer of the first range-extended plug-in electric hybrid vehicle powertrain for light commercial fleet vehicle applications, announced today that it has received the formal Certificate of Approval for a Foreign Owned Joint Venture from the Chinese government.

CHICAGO, IL, – June 7, 2012 – ALTe Powertrain Technologies, developer of the first range-extended plug-in electric hybrid powertrain for light commercial fleet vehicle applications, today announced that it has created a Commitment to Action as part of the Clinton Global Initiative America (CGI America) meeting. ALTe has committed to spur adoption of hybrid electric technology in the worldwide fleet industry and bolster clean technology jobs in America.

May 16, 2012 – The crew at Translogic took the time to stop by and see the the team at ALTe Powertrain Technologies. Founded by a group of former Tesla Motors executives, the company focuses on building plug-in hybrid conversions for fleet vehicles.

AUBURN HILLS, Mich., – April 16, 2012 – ALTe Powertrain Technologies and Club Assist today announced a joint development project to study ALTe’s powertrain technology in Club Assist’s fleet. Project will be a first for Club Assist, a company committed to electrification of fleets.

AUBURN HILLS, Mich., – March 22, 2012 –ALTe more than doubles miles per gallon for the popular E350 full-size fleet van.

February 29, 2012 – Extended range electric vehicle powertrain company ALTe (earlier post) is tracking to produce a limited number of production-caliber vehicle powertrains by December, and plans to ramp up production in the first quarter of 2013.

January 11, 2012 – Alternative-fuel and fuel-efficient vehicles are increasingly becoming fleet mainstays — electric vehicles and hybrids are a common sight in a growing number of fleets

December 3, 2011 – ALTe Powertrain Technologies and Coda Automotive are two of America’s Most Promising Companies, according to Forbes. The conservative business mag’s annual list spotlights 100 privately-held companies with compelling business models, strong management teams, plenty of capital, and notable customers and strategic partners.

AUBURN HILLS, Mich., – December 1, 2011 – Forbes Magazine has named ALTe Powertrain Technologies (ALTe), developer of the first range-extended plug-in hybrid electric vehicle powertrain for light commercial fleet vehicle applications, as one of America’s Most Promising Companies.