Friday, January 21, 2011

Fallbrook Technologies Links With Electric Vehicle Firm

San Diego-based Fallbrook Technologies, the developer of electric vehicle transmissions, said earlier this week that it has linked with electric car maker TEAM Industries. Fallbrook and TEAM said they are partnering to develop an electric vehicle transmission prototype for the Tomberlin Anvil vehicle, a street-legal electric vehicle designed for neighborhood driving. No financial details of the partnership were disclosed. Fallbrook is a developer of continuous variable planetry transmissions. The firm is heavily backed by such firms as Macquarie Capital Markets Canada, Sustainable Asset Management, and Ningbo Shentong Auto Decorations Co., Ltd., NGEN Partners, and Robeco.

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