Horse Powertrain

What Horse Powertrain does

Horse Powertrain is a B2B powertrain supplier that designs, manufactures, and supplies integrated powertrain systems and standalone products to automotive OEMs globally. Formed in 2024 as a joint venture between Renault Group and Zhejiang Geely Holding Group (each 45%) with Saudi Aramco (10%), the company was carved out of its parents' internal combustion engine operations and is headquartered in London, with Madrid as a historical reference. It serves vehicle manufacturers including Renault, Geely, Volvo, Nissan, Mitsubishi, Proton, Mercedes-Benz, Dacia, Lotus, Scania, and Caterham, with a stated thesis that 60% of passenger vehicles globally will still feature an engine in 2040.

The company's product portfolio centers on the X-Range family (C15 Direct Drive, F15 Direct Drive, C15 Range Extender) for BEV-to-hybrid platform conversion, the HORSE W30 lightweight V6 hybrid engine paired with the 4LDHT dual-motor transmission, the H12 Concept renewable-fuel engine developed with Repsol (44.2% peak brake thermal efficiency), and an Amorphous Motor achieving 98.2% efficiency. Operations span 18 manufacturing plants and 5 R&D facilities across Europe, Asia, and Latin America, producing approximately 8 million powertrains annually with 19,000 employees. Manufacturing sites include Valladolid (Spain), Skövde (Sweden), Mioveni (Romania, 450,000 engines/year capacity), Bursa (Türkiye JV), and Chennai (India, planned $370M investment).

Horse Powertrain generates revenue primarily through hardware sales of integrated powertrain systems under long-term OEM supply contracts, supplemented by advanced engineering services including full development cycle support and global regulatory compliance across 130 countries. Pricing is contract-based and individually negotiated. The company pursues an OEM-embedded go-to-market model, co-developing custom powertrain solutions integrated directly into vehicle platforms, and is executing a parallel strategy to expand into commercial vehicles, agricultural equipment, and Indian-market production while building an industrial AI capability stack (kAIros) with NVIDIA, Google Cloud, Deloitte, and Siemens.

Name

Horse Powertrain

Legal name

Horse Powertrain Limited

Website

https://horse-powertrain.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Horse Powertrain is a global B2B powertrain supplier designing and manufacturing hybrid, combustion, and range-extender systems for automotive OEMs. Formed in 2024 as a Renault-Geely joint venture with Aramco as a minority shareholder, the company operates 18 plants and 5 R&D facilities across three continents, serving brands including Renault, Geely, Volvo, Mercedes-Benz, Nissan, and Lotus.

Ownership category

akta.pro rank

Product category

Automotive Powertrain Systems

NAICS

Motor Vehicle Transmission and Power Train Parts Manufacturing (33635), Engine, Turbine, and Power Transmission Equipment Manufacturing (33361), Motor Vehicle Gasoline Engine and Engine Parts Manufacturing (33631), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632)

SIC

Engines & Turbines (3510), Motor Vehicles & Passenger Car Bodies (3711)

akta.pro primary industry

Hybrid Powertrain Integration Manufacturing (ICE-HEV/PHEV modules) (IMACAHAJ)

akta.pro secondary industries

Internal Combustion Engine (ICE) Manufacturing (Gasoline/Diesel) (IMACAHAA), Passenger Vehicle Transmission & Drivetrain Systems Manufacturing (ICE) (IMACAAAG), Truck & Commercial Vehicle Powertrain Manufacturing (Diesel/CNG/Hydrogen/Hybrid) (IMACABAJ)

Keywords

• Hybrid powertrain systems
• Automotive engine manufacturing
• Range extender technology
• Hybrid transmission systems
• OEM powertrain supplier

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Powertrain Systems and Components: Horse Powertrain generates revenue by designing, manufacturing, and supplying integrated powertrain systems and standalone products (engines, transmissions, range extenders, electric motors) to automotive OEMs globally. Revenue is derived from long-term supply contracts with vehicle manufacturers.
2. Engineering Services: The company provides advanced engineering services to OEM partners including full development cycle support, integration expertise, and compliance support across 130 countries for global regulatory requirements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Horse Powertrain designs, manufactures, and supplies integrated powertrain systems and standalone products for automotive OEMs globally. The portfolio includes combustion engines, hybrid powertrains, transmissions, and range extenders built on proprietary technologies such as the X-Range family, the Amorphous Motor, and the HORSE W30 V6 engine. The company also provides advanced engineering services to support OEM partners with full development cycle integration and regulatory compliance across global markets.

Product overview

Horse Powertrain designs and delivers integrated powertrain systems and standalone products across combustion engines, hybrid systems, transmissions, and range extenders. The core portfolio includes the X-Range family (C15 Direct Drive, F15 Direct Drive, C15) enabling BEV-to-hybrid conversion; the W30 V6 engine paired with 4LDHT transmission for lightweight hybrid applications; the H12 Concept for renewable fuel compatibility; the Amorphous Motor for high-efficiency traction; the C15 Range Extender for REEV applications; and commercial vehicle range-extender systems. Supporting infrastructure includes the kAIros AI Factory for industrial AI capabilities and the Munich Intelligent Control Center Laboratory for ECU testing. Horse Powertrain serves automotive OEMs globally across Europe, China, and Latin America from 18 manufacturing plants and 5 R&D facilities.

Differentiator

Problem solved

Functional benefit

Brands

• X-Range: Complete toolkit for adding hybrid capability to BEV-native platforms, including C15 Direct Drive, F15 Direct Drive, and C15 range extender systems.
• HORSE W30

Products and services

• X-Range C15 Direct Drive An ultra-compact all-in-one powertrain designed to replace the rear electric drive unit of BEVs, transforming them into hybridized vehicles. Integrates 1.5L engine, hybrid transmission, electric motor, and power electronics in a single housing supporting rear- and all-wheel-drive applications with up to 120kW turbocharged power.
• X-Range F15 Direct Drive An all-in-one hybrid powertrain designed to replace the front electric drive unit of BEVs. Combines engine, transmission, motor, and power electronics into an integrated system enabling a single platform for BEV, HEV, PHEV, and REEV line-ups with 'Performance' (P1+P3) and 'Compact' (P2) motor variants.
• X-Range C15 Range Extender An ultra-compact range extender integrating a 1.5L 4-cylinder engine and generator that enables existing BEV platforms to serve as foundations for REEV line-ups. Designed for horizontal or vertical installation under front compartments or rear seats, measuring 500 x 550 x 275mm with up to 120kW turbocharged power output.
• HORSE W30 V6 Engine Horse Powertrain's first production-ready V6 engine, a 3.0L turbocharged unit producing 350-400kW power and 600-700Nm torque while weighing just 160kg, making it approximately 10kg lighter than the next-lightest V6 on the market. Designed exclusively for mild- and full-hybrid applications.
• HORSE 4LDHT Hybrid Transmission A best-in-class hybrid transmission paired with the HORSE W30 engine. Features a pair of motors in P1 and P3 configuration, weighing just 199kg while outputting maximum wheel torque of over 9,200Nm for market-leading torque density.
• HORSE H12 Concept Engine A next-generation turbocharged 1.2L 3-cylinder hybrid engine running on 100% renewable fuel (Repsol's Nexa-95). Achieves 44.2% peak brake thermal efficiency with fuel consumption below 3.3L/100km, representing 40% reduction compared to average European combustion engines.
• Amorphous Motor A high-efficiency hybrid transmission motor achieving 98.2% efficiency by using amorphous steel alloy with stator sheets just 0.025mm thick. Reduces iron energy losses by 50% compared to traditional designs while outputting peak power of 140kW at 360Nm, enabling 1% reduction in whole-vehicle fuel consumption.
• 120kW Range-Extender System for Commercial Vehicles A 120kW range-extender system for heavy-duty commercial vehicles. Horse Powertrain supplies this system to Scania for electric timber truck pilots, combining battery-electric drivetrains with 2.0-liter multi-fuel range-extender engines for long-distance transport with reduced CO2 emissions.
• HORSE S10 Engine for Agricultural Applications An engine designed for direct propulsion and range extender applications in agricultural vehicles. Displayed in a prototype UTV developed with Corvus at AGRITECHNICA 2025, demonstrating capabilities utilizing biofuels and supporting electric vehicle charging.
• HORSE B15 and DHT160 Paired Hybrid System A paired hybrid system for full-hybrid and plug-in hybrid vehicle applications, designed to meet BS-VI emission norms and CAFE targets for the Indian market.
• HORSE M20 Diesel/Hydrogen Engine A multi-fuel engine compatible with diesel and hydrogen, showcased at ACMA Automechanika New Delhi for Indian market applications.
• HORSE 4DHT120 Hybrid Transmission A high-voltage hybrid transmission for hybrid and plug-in hybrid vehicles, featuring high integration for compact packaging.

Quantifiable outcome

• Reduces ICE-related investment by up to 50%
• +6 more outcomes

Named customers14 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability7 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• UNT (United Nova Technology)coreTechnology or Integration · 21 May 2026Strategic partnership to develop and supply core power components for hybrid systems. Collaboration aims to integrate high-performance IGBT and SiC power modules into hybrid models over the next five years, enhancing vehicle performance and energy efficiency.
• Siemens InspektocoreTechnology or Integration · 14 May 2026Deployed AI-powered visual inspection system (Inspekto) at Skövde engine production plant in Sweden through Aurobay Technologies division. System automates quality checks using vision camera on collaborative robot for defect analysis in seconds.
• NVIDIAcoreTechnology or Integration · 17 March 2026NVIDIA supports Horse Powertrain's kAIros AI initiative to enhance industrial AI capabilities. Partnership aims to improve manufacturing and engineering efficiencies through cloud computing, high-performance systems, and AI applications including digital twins and real-time data processing.
• Google CloudcoreTechnology or Integration · 17 March 2026Google Cloud supports Horse Powertrain's kAIros initiative for industrial AI capabilities transformation, working alongside NVIDIA and Deloitte to develop AI Factory for model training, simulation, and physical AI applications.
• DeloittecoreImplementation/ SI/ Consulting Partner · 17 March 2026Deloitte supports kAIros initiative with physical AI solutions built on NVIDIA Omniverse libraries. Partnership includes deployment of advanced anomaly detection algorithms at Valladolid plant in Spain, predicting equipment faults and improving inspection accuracy.
• Chalmers University of TechnologyminorStrategic or Co-development Partner · 17 March 2026Swedish facility partnered with Chalmers University to convert gasoline engine to run on hydrogen, advancing hydrogen combustion technology for automotive applications.
• RepsolcoreStrategic or Co-development Partner · 16 February 2026Joint development of HORSE H12 Concept hybrid powertrain running on 100% renewable gasoline. Repsol provides Nexa-95 renewable fuel produced from agricultural waste and cooking oils. Engine achieves 44.2% peak brake thermal efficiency.
• CorvusminorStrategic or Co-development Partner · 1 September 2025Collaboration with Corvus to develop advanced UTV (Utility Terrain Vehicle) solutions for agricultural market, showcasing powertrain technologies at AGRITECHNICA 2025.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Vitesco Technologies: Powertrain specialist spun out of Continental, focused on electrification, hybridization, and ICE-bridge technologies for automotive OEMs. Directly comparable to Horse Powertrain on hybrid modules, power electronics, and range-extender offerings, and is one of its closest public peers.
• BorgWarner: US-listed powertrain and drivetrain supplier with deep OEM relationships across hybrid, electric drive, and turbo technologies. Closely comparable to Horse Powertrain on hybrid modules, range extenders, and integrated propulsion systems, particularly for European and US OEMs.
• Aisin: Toyota-affiliated Japanese powertrain supplier producing transmissions, hybrid systems, and engine components. Highly relevant peer for Horse Powertrain's hybrid transmission and ICE components business, with similar product overlap in HEV transmissions.

Broad incumbents

• ZF Friedrichshafen: Global Tier-1 automotive supplier with large powertrain and chassis technology division producing transmissions, electric drives, and hybrid modules. Competes with Horse Powertrain in transmissions and hybrid systems but operates across a much broader portfolio including chassis and ADAS.
• Magna International (Magna Powertrain): Global automotive supplier with a dedicated Magna Powertrain group producing drivetrain, 4WD systems, and increasingly electrified powertrains. Comparable as an OEM-embedded powertrain supplier operating at similar scale to Horse Powertrain across multiple geographies.
• Robert Bosch (Mobility Solutions): Largest global Tier-1 supplier with extensive powertrain and electrification portfolio including motors, power electronics, hybrid systems, and fuel-cell components. Competes with Horse Powertrain across virtually every product category but at much larger scale and across all major OEMs.
• Schaeffler: German automotive and industrial supplier with powertrain and e-mobility divisions producing electric motors, hybrid modules, and drivetrain components. Competes directly with Horse Powertrain in power electronics and hybrid modules, especially in Europe.

Regional players

• Hyundai Transys: Hyundai-affiliated powertrain and seating supplier producing transmissions, hybrid modules, and electrified drivetrains primarily for Hyundai/Kia. Comparable in product mix but regionally concentrated in Korea and operating primarily as captive supplier.

Emerging players

• FEV Group: Independent powertrain engineering services and IP provider serving global OEMs with combustion, hybrid, and EV development. Comparable to Horse Powertrain's engineering services revenue stream and a likely competitor/partner for OEM powertrain development contracts.
• AVL List: Austrian powertrain engineering and technology company offering development, simulation, and testing services for ICE, hybrid, and electric powertrains. Comparable as a hybrid and ICE specialist with engineering services and powertrain IP, though smaller in production scale than Horse Powertrain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/horse-powertrain

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Horse Powertrain