# Switch Mobility and Dana form strategic agreement with $18M investment

Switch Mobility, the EV arm of Ashok Leyland, announced a strategic agreement with Dana Incorporated. Dana will invest $18 million for a 1% stake and become a preferred supplier of electric drivetrain components.

- Type: Partnership
- Announced: 2021-07-30
- Value: $18.0M
- Status: announced
- Products: electric drivetrain components, e-Axles, gearboxes, motors, inverters, software and controls, electronics cooling
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Switch Mobility Ltd](https://endata.com/companies/55822.md)
- [Dana Incorporated](https://endata.com/companies/369.md) (partner)
- [Ashok Leyland](https://endata.com/companies/17100.md) (partner)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/ashok-leylands-ev-arm-switch-mobility-dana-announces-tie-up/article35619468.ece), 2021-07-30: "Dana will make a strategic investment in Switch Mobility and will also be a preferred supplier of electric drivetrain components for the company’s e-bus and EV commercial vehicle offering."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.