Michigan Economic Development

The Michigan Economic Development Corporation (MEDC), established in 1999, is a public-private partnership agency based in Lansing, Michigan. It is dedicated to fostering economic growth and job creation across the state. The MEDC achieves this by offering a range of business assistance services and capital programs, including business attraction and acceleration, entrepreneurship support, talent enhancement initiatives, and urban and community development projects. Additionally, it promotes tourism, film, and digital media industries, as well as arts and cultural affairs, through various incentives and grants. The MEDC works with businesses, entrepreneurs, and communities both locally and globally to strengthen Michigan's economy.

Quentin Messer Jr.

Chief Executive and Economic Competitiveness Officer, President and Chairman of Michigan Strategic Fund

Past deals in Automotive

Rhythmos

Grant in 2025
Rhythmos is a technology company that specializes in analyzing electric vehicle (EV) charging data to optimize energy usage and support utilities in the transition to electric mobility. By offering a platform that provides distribution system-optimized charging and critical asset management, Rhythmos enhances transparency for utilities, fleet managers, and electric vehicle manufacturers regarding the impact of EV load on the distribution grid. The company's innovative approach minimizes the infrastructure investments needed for EV charging, making the shift to electric vehicles smoother and more affordable for drivers, utilities, and automakers. Rhythmos is committed to facilitating a decarbonized power grid and improving the overall electric mobility ecosystem.

Kettering University

Grant in 2025
Kettering University was founded in 1919 as The School of Automobile Trades and opened under the direction of Albert Sobey to train engineering and management personnel.

HTC Global Services

Grant in 2024
HTC Global Services is a prominent provider of Information Technology and Business Process Services, established in 1990 and headquartered in Troy, Michigan. With over 28 years of experience, HTC serves various sectors, including Automotive, Banking, Government, Healthcare, and Education. The company, recognized as an Inc. 500 Hall of Fame and SEI CMM Level 5 organization, employs more than 11,000 skilled professionals. HTC offers a wide range of services, including Application Development and Maintenance, Staff Augmentation, Application Re-engineering, Enterprise Application Integration, Mobility, Testing, and Business Intelligence. Additionally, HTC has expanded its capabilities through acquisitions, including CareTech Solutions in 2014 and Ciber Global LLC in 2017. The company serves clients across North America, Europe, the Middle East, and Asia Pacific.

Revision Autonomy

Grant in 2024
Revision Autonomy is a transportation innovation company focused on enhancing automated driving technologies. The company specializes in advanced computer vision systems designed to improve the functionality of existing advanced driver assistance systems (ADAS). By leveraging state-of-the-art technology, Revision Autonomy enables vehicles equipped with cameras to effectively perceive and understand their surroundings, regardless of weather conditions. This capability is particularly beneficial in adverse weather, such as snow, where the software ensures that vehicle automation safety features remain operational, allowing drivers to navigate safely.

Modal Motors

Grant in 2024
We are Modal Motors, and we are raising for our Seed Round funding. We are a Michigan corporation spun-out from Veolectra, Inc. and have a patent-pending advanced electric motor technology that is ready for commercialization for e-Mobility applications, and we need funding to launch the prototyping phase for our early customers. Our patent-pending electric motor technology is unique and harvests all of the magnetic flux developed inside the electric motor enabling us to achieve the highest torque density and average efficiency direct drive motor on the market. Our motors will have the highest full speed range efficiency due to the fact that our motors do not require back irons for the magnets and are yokeless, which are the source of the highest losses for our competitors’ electric motors. Our motors can even be made without permanent magnets and can utilize aluminum coil windings instead of copper. Our motors are designed for manufacturing in the USA with low capital costs and low to no touch labor making them the most cost-effective solution for our customers and the mobility market. The modular and scalable architecture enables fully automated cell-based manufacturing that is also scalable as volumes and motor sizes increase. Our motor technology has been developed over the past 12 years with numerous prototypes designed, built and tested to bring us to the technological state that we are in today.

EV Thermal Flow Solutions

Grant in 2024
EV Thermal Flow Solutions specializes in developing thermal management systems to enhance the performance of electric vehicles. The company emerged from growing discussions in the automotive and commercial vehicle sectors regarding the need for integrated solutions to support the transition to electric vehicles. By leveraging a modeling tool and a comprehensive thermal scenario library, EV Thermal Flow Solutions automates decisions related to coolant flow. This system not only facilitates efficient battery cooling but also enhances cabin comfort for passengers, addressing the evolving demands of the industry as it pivots towards electrification.

Livaq

Grant in 2024
Livaq is a manufacturer specializing in electric all-terrain vehicles (ATVs). Their products aim to deliver an off-road adventure experience while promoting sustainability, as they are powered by eco-friendly technology. The company's design philosophy focuses on creating aesthetically pleasing vehicles that foster a connection between riders and nature, offering a blend of freedom, adrenaline, and clean technology.

Lucid Motors

Grant in 2024
Lucid Motors, established in 2007, specializes in manufacturing electric vehicles (EVs). Headquartered in Menlo Park, California, with a production facility in Casa Grande, Arizona, the company aims to create innovative EVs that transcend conventional limitations of space, performance, and intelligence. Lucid Motors has strategic partnerships with battery cell suppliers Samsung SDI and LG Chem to support its EV production.

Big Rapids Products

Grant in 2023
Big Rapids Products manufactures and supplies metal stampings, assemblies and structural frame components for the automotive industries.

Eaton - eMobility Business

Grant in 2023
Eaton - eMobility Business delivers electric vehicle solutions to passenger car, commercial vehicle and off-highway OEMs.

BorgWarner

Grant in 2023
BorgWarner is a prominent global supplier of powertrain solutions, focusing on technologies that enhance fuel efficiency, reduce emissions, and improve vehicle performance. The company operates through three primary segments: the air management group, which manufactures turbochargers, e-boosters, emissions systems, and thermal management products; the drivetrain and battery systems group, which produces components for automatic transmissions, torque management, and battery systems; and the e-propulsion segment, responsible for e-motors and power electronics. With a diverse customer base, BorgWarner's largest clients include Ford and Volkswagen, accounting for significant portions of its revenue. The company's extensive global presence enables it to support its varied customers effectively, with a notable share of its business derived from Europe.

Workhorse Group

Grant in 2022
Workhorse Group is an American technology company based in Loveland, Ohio, specializing in the design and manufacture of battery-electric vehicles and aircraft. Founded in 2007, the company produces medium-duty trucks under the Workhorse brand and develops cloud-based telematics systems for fleet operators to enhance energy and route efficiency. Additionally, Workhorse Group offers the HorseFly delivery drone system, an octocopter-based UAV integrated with electric delivery trucks for efficient last-mile deliveries. The company's approach involves using automotive-grade parts and proprietary control software to build its battery-electric power trains.

Dataspeed

Grant in 2022
Dataspeed specializes in providing advanced hardware and software tools for researchers and developers focused on mobility and robotics. The company offers a comprehensive autonomous research and development vehicle integration platform, which enables engineers to efficiently initiate their work on algorithms, sensors, and data research. Notably, Dataspeed's ADAS Kit facilitates detailed control over vehicle functions, including throttle, brake, steering, and shifting through by-wire systems. This technology is designed to support algorithm testing and sensor evaluation, ensuring that clients have access to reliable and cost-effective solutions for autonomous vehicle applications. Through its innovative offerings, Dataspeed is committed to advancing the field of autonomous vehicle technology.

Drake Enterprises

Grant in 2022
Drake Enterprises has versatile manufacturing and assembly capabilities. The products are gear shift levers and transmission components for the heavy-duty truck market. They have dedicated work cells for this commodity, starting with raw materials and progressing through extrusion, welding, painting, and finishing with a fully assembled product.

Prestige Stamping

Grant in 2022
Prestige Stamping, Inc. is a manufacturer based in Warren, Michigan, specializing in the production of washers and small stampings for various domestic applications since its founding in 1967. The company processes a wide range of materials, including aluminum, brass, bronze, copper, low and high carbon steels, and stainless steel, with thicknesses ranging from .020 inches to .375 inches. Prestige Stamping offers an array of heat treatment processes, such as case hardening and bright annealing, along with various plating finishes like zinc, nickel, and anodizing. Additionally, the company provides services including micro finishes, grinding, tapping, and reaming, catering primarily to the fastener, automotive, construction, and agriculture industries. Clients can conveniently place orders online, reflecting the company's commitment to accessibility and customer service.

Elite Mold & Engineering

Grant in 2022
Elite Mold & Engineering injection mold supplier. Their molding services are prototype injection molding, low-volume injection molding, high-volume injection molding, and CNC machining. They served the industries that are automotive, consumer, aerospace and defense, industrial, and medical.

Tooling & Equipment International

Grant in 2022
Tooling & Equipment International offers complete turnkey packages of tooling, fixtures, and automation systems to high volume foundries. They also build pre-production and production prototype aluminum castings for a wide variety of industries.

Applied Dynamics International

Grant in 2017
Applied Dynamics International is a computer software company that provides systems engineering software and integrated systems. Applied Dynamics'​ flagship software product, the ADvantage Framework, is used to build powerful, multi-processor, distributed real-time simulation facilities with off-the-shelf computer equipment such as PCs and I/O boards. Applied Dynamics is a privately held firm based in Ann Arbor, Michigan, with staff located at various locations throughout the United States, offices in Derbyshire, UK, and resellers throughout the world.

VDL Steelweld

Grant in 2017
VDL Groep, with its head office in Eindhoven (The Netherlands), is an international industrial company focused on the development, production, and sales of semi-manufactured products, buses & coaches and finished products and the assembly of cars. Since the founding in 1953 this family-owned company has grown to include 87 operating companies, spread over 19 countries with approximately 10,500 employees. The strength of VDL Groep lies in the mutual cooperation between the companies.
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