CVET Power

What CVET Power does

CVET Power Corp is a privately held Canadian technology licensing company developing the Continuously Variable Electronic Transmission (CVET), an electronic transmission architecture intended to replace conventional automatic, mechanical CVT, and dual-clutch transmissions in both electric and internal combustion vehicles. The technology uses a mirrored rotational power transfer tunnel to bi-directionally convert rotary power between an engine or motor and the drivetrain without external hydraulic or friction-based actuation, enabling the power source to operate at its optimal efficiency point independently of vehicle speed. Independent simulation by Maplesoft reported a 57%+ reduction in EV energy consumption (from 37.4 kWh/100 miles to 16.2 kWh/100 miles) in the EPA NYC Drive Cycle, and the company claims up to 50% fuel consumption reduction, 2x EV driving range, and 50% smaller powertrain sizing.

The company monetizes through B2B licensing of its patented technology to automotive OEMs, transmission manufacturers, heavy-equipment makers, and transmission repair networks for retrofit applications. It holds three US patents (issued 2015, 2017, and 2022) with Patent No. 11,427,079 extending coverage through 2042, plus international filings in 13 jurisdictions including Canada, the EU, China, Japan, India, and South Korea. Target customer segments span passenger OEMs, commercial transportation fleets, defense, mining/construction, marine, and aviation. The firm is led by CEO Ervin Weisz and is headquartered in Markham, Ontario, with 11-50 employees.

Name

CVET Power

Legal name

CVET Power Corp.

Website

https://cvetpower.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

CVET Power Corp is a privately held Canadian B2B technology licensing company that patents and licenses the Continuously Variable Electronic Transmission (CVET), an electronic transmission for electric and gas-powered vehicles targeting automotive OEMs, fleet operators, and heavy-equipment manufacturers.

Ownership category

akta.pro rank

Headquarters

HQ city

Markham

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Technology Licensing: CVET Power Corp generates revenue through licensing its CVET transmission technology to automotive OEMs and transmission manufacturers. The company holds multiple international patents covering the technology in 13 countries including Canada, US, Mexico, Australia, France, Germany, Israel, Great Britain, Eurasia, India, China, Japan, and South Korea.
2. Patent Licensing to Transmission Repair Companies: CVET is developing relationships with nation-wide transmission repair companies to convert existing gas-powered vehicles to CVET-based vehicles, reducing their carbon footprint through licensing arrangements.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

CVET Power Corp develops and licenses its proprietary Continuously Variable Electronic Transmission (CVET) technology, an electronic transmission system that transforms rotary power from gas engines and electric motors at output speeds and torques as needed to drive a vehicle. The technology enables engines and electric motors to always operate at their optimal energy-efficient speed and torque independently, without requiring external power to control transmission transfer ratios. CVET Power commercializes this technology through patent licensing to automotive OEMs, transmission manufacturers, and transmission repair companies across 13 countries.

Product overview

CVET Power Corp. offers a single unified product: the CVET (Continuously Variable Electronic Transmission) technology. This is an advanced electronic transmission system that replaces legacy transmissions (automatic, CVT, dual-clutch, manual) in vehicles powered by gas/diesel engines or electric motors. The CVET enables rotary power sources to operate at their optimal efficiency point while converting power to vehicle speed and wheel torque independently, resulting in significantly reduced energy consumption and extended battery range for EVs.

Differentiator

Problem solved

Functional benefit

Products and services

• CVET (Continuously Variable Electronic Transmission) Advanced electronic transmission technology for electric or gas-powered vehicles that enables engines and electric motors to always operate at their optimal energy-efficient speed and torque while independently optimizing the conversion of power to vehicle speed and wheel torque. Offered to automotive OEMs, transmission manufacturers, and transmission repair companies via technology licensing arrangements.

Quantifiable outcome

• Reduces fuel consumption and carbon footprint by up to 50%
• +5 more outcomes

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• MaplesoftcoreStrategic or Co-development PartnerCVET Power Corp engaged Maplesoft, a world-leader in vehicle powertrain simulation, to simulate and validate CVET transmission technology. The simulation successfully demonstrated and validated the fuel consumption reduction benefits of CVET technology. Maplesoft reported that EV with CVET in EPA NYC Drive Cycle reduced energy consumption by 57% (from 37.4kWh/100 miles to 16.2kWh/100 miles). Maplesoft provided independent validation of CVET's energy efficiency benefits for both gas engine and electric motor vehicles.

Scale indicators5 records

Recent moves1 record

Expansion highlights5 records

Broad incumbents

• Vitesco Technologies: Vitesco Technologies (spun out of Continental) supplies powertrain and electronic components for hybrid and electric vehicles, including e-axles and power electronics. It is a broad incumbent peer in electrified propulsion where CVET's transmission technology would integrate.
• Magna International: Magna is a top global automotive supplier with powertrain and e-drive capabilities (Magna Powertrain), serving nearly every major OEM across multiple drivetrain architectures. It is a broad incumbent peer competing for the same transmission/efficiency technology slots inside OEM vehicle programs.
• BorgWarner: BorgWarner supplies advanced drivetrain components including CVT chains, torque-on-demand systems, and electric drive units. It is a broad incumbent peer in propulsion and transmission technology, competing for the same OEM efficiency-improvement budgets that CVET targets.
• ZF Friedrichshafen: ZF is a global Tier-1 supplier of transmissions, including CVT, dual-clutch, automatic, and electric drive units, serving virtually every major OEM. It is a broad incumbent peer in the same transmission and e-drive space where CVET seeks to license its technology.

Direct peers

• Dana Incorporated: Dana designs and manufactures drivetrain, sealing, and thermal-management solutions including e-propulsion systems for EVs and hybrids. It is a direct peer in the e-drive and efficient power transmission space where CVET competes.
• Aisin: Aisin is one of the world's largest CVT specialists, supplying continuously variable transmissions to most Japanese OEMs and increasingly to global automakers. It is a direct peer to CVET as a CVT/transmission technology provider targeting fuel economy and EV-range extension.
• Allison Transmission: Allison is a leading manufacturer of fully automatic transmissions and hybrid/electric propulsion systems, primarily for commercial vehicles, defense, and bus applications. It is directly comparable to CVET as a transmission technology licensor/manufacturer targeting the same fuel-efficiency and emissions-reduction use cases in commercial fleets.
• Jatco: Jatco is a leading CVT manufacturer (joint venture of Nissan, Mitsubishi, and Suzuki) with deep penetration in passenger car CVTs globally. It is directly comparable to CVET as a CVT technology supplier addressing fuel economy and efficient power transfer.
• Punch Powertrain: Punch Powertrain is a Belgian/Chinese specialist in CVT and electrified drivetrain technology, supplying passenger car OEMs. It is a direct peer to CVET as a CVT technology developer targeting fuel efficiency, with a more developed commercialization profile.

Emerging players

• Fallbrook Technologies (NuVinci): Fallbrook developed NuVinci, a continuously variable transmission technology using traction-based variators, with parallel licensing efforts across transportation and industrial markets. It is an emerging peer with the closest comparable IP-licensing CVT commercialization model to CVET Power.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cvet-power-corp.

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 CVET Power