TM4

What TM4 does

Dana TM4 designs and manufactures high-voltage electric motors, power inverters, and integrated control systems for vehicle electrification. Its technology is the result of more than 30 years of R&D, with over 75 registered patents covering electric motor and power electronics technologies used in some of the most advanced electric vehicles globally. The company's product portfolio comprises three core lines — high-voltage electric motors, inverters, and control systems — sold as individual components or as complete integrated electric and hybrid propulsion drivetrains.

The company serves a diversified set of vehicle and equipment markets, including light vehicles, commercial vehicles, mining vehicles, construction vehicles, material handling, marine, rail, motorsports, and recreational vehicles. Manufacturing and engineering capabilities span six countries (Canada, United States, Italy, Sweden, India, and China), with high-volume final assembly, end-of-line functional and performance testing, and dedicated validation and certification test cells. The go-to-market is a B2B enterprise sales motion targeting vehicle manufacturers and OEMs, supported by a dedicated extranet portal for supplier coordination and account management. Pricing is quote-based rather than publicly disclosed.

Dana TM4 is a wholly-owned subsidiary of Dana Incorporated (NYSE: DANA), a global tier-one automotive supplier that reported approximately $7.5 billion in consolidated sales for 2025 and completed a $2.7 billion divestiture of its Off-Highway business, sharpening its portfolio focus toward electrification and on-highway markets. TM4 sits at the center of Dana's electric and hybrid propulsion strategy and benefits from parent-level capital, scale, and global customer relationships.

Name

TM4

Legal name

Dana TM4 Inc.

Website

https://tm4.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

251–500 employees

Short description

Dana TM4 designs and manufactures high-voltage electric motors, power inverters, and control systems for vehicle electrification, serving OEMs across automotive, commercial vehicle, mining, marine, rail, motorsports, and material handling markets from six-country operations as a subsidiary of Dana Incorporated.

Ownership category

akta.pro rank

Product category

Electric Vehicle Propulsion Systems

NAICS

Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Motor Vehicle Transmission and Power Train Parts Manufacturing (33635), Relay and Industrial Control Manufacturing (335314)

SIC

Motors & Generators (3621), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

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

akta.pro secondary industries

Automotive Power Electronics & Inverters/Converters Manufacturing (IMACAJAE), Marine Hybrid & Electric Propulsion Systems (IMAJAHAC), DC Motors (Brushed, Brushless DC) (IMAGACAB)

Keywords

• Electric propulsion systems
• High-voltage motors
• Power inverters
• Vehicle electrification
• Drivetrain components

Headquarters

HQ city

Boucherville

HQ country

Canada

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Electric Propulsion Systems Sales: Sale of complete electric and hybrid propulsion systems including motors, inverters, and control systems to vehicle manufacturers in off-highway, marine, rail, motorsports, and recreational vehicle markets.
2. Component Sales (Motors, Inverters): Individual sale of high-voltage electric motors, inverters, and control systems as standalone components or integrated drivetrain solutions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Dana TM4 designs, develops, and manufactures high-voltage electric motors, power inverters, and integrated control systems that together form complete electric and hybrid propulsion drivetrain solutions. These products are sold as both standalone components and integrated systems to vehicle manufacturers and OEMs serving off-highway, marine, rail, motorsports, and recreational vehicle applications.

Product overview

Dana TM4 offers a unified portfolio of electric and hybrid propulsion systems comprising three core product lines: high-voltage electric motors, inverters (power electronics), and control systems. These components are designed to work together as integrated drivetrain solutions. The company has over 50 years of leadership in the industry and over 75 registered patents based on 30+ years of R&D. Manufacturing capabilities span Canada, the United States, Italy, India, China, and Sweden, with high-volume final assembly and full validation testing.

Differentiator

Problem solved

Functional benefit

Segments10 records

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Dana Incorporated (Parent Company)coreStrategic or Co-development Partner · 21 January 2026Dana TM4 is a wholly-owned subsidiary of Dana Incorporated, a major automotive supplier with approximately $7.5 billion in 2025 sales. Dana Incorporated completed the $2.7 billion sale of its Off-Highway business and provides 2026 guidance projecting sales of $7.3-7.7 billion.

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• WEG: Brazilian-headquartered global manufacturer of industrial electric motors, drives (VFDs), and power electronics for industrial, energy, and mobility applications. Comparable to Dana TM4 because WEG serves adjacent industrial motor/drive markets and is expanding into traction motors for EVs and rail.
• Cummins (Accelera by Cummins): Diesel engine and powertrain giant that has launched the Accelera brand for zero-emission powertrains, including electric motors, inverters, fuel cells, and battery systems for commercial vehicles, rail, and marine. Comparable because Accelera overlaps with Dana TM4's commercial-vehicle, marine, and rail propulsion offerings.
• ABB: Industrial electrification conglomerate with substantial motors (including high-voltage traction motors) and power electronics businesses serving rail, marine, and industrial applications. Comparable because ABB is a competing supplier in the marine, rail, and high-power industrial motor/inverter markets that Dana TM4 also serves.

Direct peers

• Aisin: Japanese Tier-1 supplier of electrified drivetrain components including e-axles, power electronics, and motors for hybrid and battery-electric vehicles. Comparable because Aisin is explicitly cited alongside Dana TM4 as a competitor in the electric drivetrain market.
• Nidec: Global manufacturer of motors and power electronics including automotive traction motors (E-Axle, Ni200Ex) and appliance/industrial motors. Comparable to Dana TM4 because Nidec competes in the same high-voltage electric motor and inverter space for vehicle electrification.
• BorgWarner: Large global Tier-1 automotive supplier with substantial electric drive module, power electronics, and motor programs across passenger and commercial EVs. Directly comparable because BorgWarner competes head-to-head with Dana TM4 for OEM EV drivetrain sockets, including in commercial and off-highway-adjacent vehicles.
• ZF Friedrichshafen: Tier-1 supplier of transmissions, driveline, and electric drive components (including electric motors and power electronics) for passenger cars and commercial vehicles. Comparable to Dana TM4 because ZF supplies integrated electric drivetrain systems with motor + inverter + control architectures to overlapping OEMs.

Emerging players

• Equipmake: UK-based specialist EV powertrain company producing motors, inverters, and battery systems primarily for buses, commercial vehicles, and motorsports. Comparable because Equipmake offers a similar integrated motor + inverter + control architecture and targets overlapping commercial-vehicle and motorsport niches.
• Sona Comstar: India-headquartered automotive component supplier with growing EV drivetrain business, including motors, motor controllers, and integrated drivetrains for passenger and commercial EVs. Comparable because Sona Comstar competes with Dana TM4 in electric traction motors and integrated e-drive systems, particularly for emerging-market OEMs.
• YASA (a Mercedes-Benz Group brand): Specialist manufacturer of high-performance axial-flux electric motors acquired by Mercedes-Benz, with programs in motorsport and automotive. Comparable to Dana TM4 because YASA focuses on high-power-density electric motors for motorsports and high-end automotive applications served by TM4.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/TM4
• Facebookfacebook.com/DanaTM4
• LinkedInlinkedin.com/company/danatm4

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 TM4