About Cummins
Cummins designs and manufactures power solutions, including diesel, natural gas, electric, and hybrid powertrains. Their products work by providing energy systems that power various vehicles and industrial equipment. Cummins stands out from competitors by offering a wide range of power solutions across multiple segments, such as Engine, Power Systems, Components, Distribution, and New Power, allowing them to serve diverse markets like healthcare, defense, and telecommunications. The company's goal is to lead in sustainable energy solutions, focusing on innovation in areas like hydrogen engine development and advocating for climate change initiatives.
Columbus, OhioHeadquarters
1919Year Founded
$82.5MTotal Funding
IPOCompany Stage
Industrial & Manufacturing, EnergyIndustries
10,001+Employees
Risks
Diesel engine recalls could harm Cummins' reputation and incur financial losses.
Class action lawsuits may lead to significant legal expenses and settlements.
CFO departure in India might cause temporary financial management instability.
Differentiation
Cummins leads in hydrogen engine development, enhancing its clean energy portfolio.
The company has a strong global distribution network across multiple continents.
Cummins' diverse client base spans commercial, industrial, and specialized sectors.
Upsides
Cummins' focus on hydrogen technology aligns with global clean energy trends.
Recognition as a top diversity leader enhances its brand and attracts talent.
OEM partnerships expand product offerings and market reach, boosting revenue.
Funding
Total raised$82.55 M
StageIPO
GRANT
6/30/2024$75