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Article that details their corporate history and plans for the future:
Fallbrook is geared up to go global with its revolutionary vehicle transmission
http://www.statesman.com/business/f...lobal-with-1430166.html?viewAsSinglePage=true
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Fallbrook is geared up to go global with its revolutionary vehicle transmission
http://www.statesman.com/business/f...lobal-with-1430166.html?viewAsSinglePage=true
It raised more than $39 million in a private stock offering last year and has signed up key allies in the automotive and electric vehicle industries.
One of those new business allies is Team Industries, a Minnesota-based company that sells about $200 million a year in drive systems for snowmobiles, all-terrain vehicles and other sport and work vehicles. Team signed an agreement with Fallbrook to co-develop a drive system for an electric vehicle prototype.
Fallbrook spent years making its technology work well for bikes before it introduced its second-generation NuVinci that weights 5.5 pounds. The transmission is popular in Europe, where more people commute to work on bikes. The company sold 3,500 bike transmissions in its latest month.
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