Tom LaSorda, former Chrysler Group President and CEO, and Steven Landry, former Chrysler EVP of North American Sales and Marketing and Global Service and Parts have joined the Board of Directors of ALTe LLC, the Michigan-based engineering and technology company developing a Range Extended Electric Vehicle (REEV) powertrain system for vehicle conversions. (Earlier post.)
ALTe’a electric drive system, designed to replace a base V-8 internal combustion engine powertrain, improves fuel economy from 80% to 200%. The system’s “plug-and-play” modularity enables the powertrain to expand or contract depending on the vehicle type, and can be applied to vehicles using any type of fuel.
ALTe’s initial focus is on vehicles of light-to-medium duty fleets (such as taxis), which will obtain the greatest benefit of converting older, out-of-warranty vehicles from gasoline-powered engines to the REEV powertrain platform.
LaSorda joined the ALTe Board as ALTe’s Lead Director and investor. Landry joined the board to assist in dealer and business development for ALTe.
When I reviewed the business plan and conducted the due diligence personally it was obvious ALTe had tremendous potential. The idea of converting existing vehicles that had very low fuel economy with Range Extended Electric Powertrains is an advanced idea especially considering the patents that come with it. Based on this I made a personal investment in ALTe and further backed up my support by joining the Board as lead director. We will dedicate the time to help make this a big success.
ALTe aggregates battery chemistry, electronic modules and engine controls to convert normal internal combustion powertrain systems to range extended electric, without the fixed cost burden of manufacturing. This ultimately reduces emissions and operating costs for fleet vehicle users. When I sat with the ALTe team, it felt like the perfect but unique timing of having the right people, process and technology come together to provide a product that is increasing in demand.