Who Owns Accelera?
Accelera is the zero-emissions technology brand of Cummins Inc. (NYSE: CMI), the power technology company headquartered in Columbus, Indiana. Launched in 2023 as the rebranded New Power segment, Accelera covers battery-electric powertrains, fuel cells, and electrolyzers. In FY2025 the segment recorded $458 million in charges tied to a strategic review of its electrolyzer business amid slower hydrogen adoption.
Parent Company
Founded
2023
Status
Publicly Traded
Headquarters
Accelera Timeline
Who Owns Accelera?
- Parent Company: Cummins Inc.
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NYSE: CMI
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Accelera | Cummins Inc. | Brand division |
Where to Buy
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Accelera on AmazonHistory of Accelera
- Founded: 2023
- Founders: Cummins Inc. (internal development)
Cummins established the New Power segment in 2018 to begin developing electrified powertrain and hydrogen technologies alongside its diesel business. The move anticipated the energy transition before most industrial competitors had committed similar resources.
The segment was rebranded as Accelera in 2023 and became a reportable segment in 2024, giving investors visibility into the zero-emissions business as a standalone unit. The portfolio covers battery-electric powertrains, hydrogen fuel cells, electrolyzers for green hydrogen production, e-axles, traction systems, and related components.
The growth thesis was that hydrogen and battery-electric adoption in commercial vehicles would accelerate with regulatory pressure and customer decarbonization commitments. By 2025 that timeline had stretched. Slower-than-expected hydrogen adoption, driven by delayed policy implementation and high infrastructure costs, prompted a strategic review of the electrolyzer business.
In the fourth quarter of 2025 the segment recorded $458 million in charges, of which $415 million were non-cash, reflecting actions to streamline operations and reduce ongoing costs in light of the weaker demand outlook. The company said it was narrowing investment to the most promising zero-emissions paths rather than retreating from the category.
About Cummins Inc.
What does Cummins own?
Cummins owns brands including Cummins engines and components, Accelera zero-emissions technology, Cummins Onan generators, Holset turbochargers, and the Eaton Cummins transmission joint venture. It separated its Fleetguard filtration business into Atmus Filtration Technologies in 2024.
Is Cummins publicly traded?
Yes. Cummins trades on the NYSE under ticker CMI and is a component of the S&P 500. Its shares are broadly held by institutional investors.
Who founded Cummins?
Clessie Cummins founded Cummins Engine Company in 1919 in Columbus, Indiana, with backing from banker William G. Irwin. It was renamed Cummins Inc. in 2001.
Where is Cummins headquartered?
Cummins is headquartered in Columbus, Indiana, USA, where it was founded and where it maintains its principal engineering and corporate operations.
Who owns Cummins?
Cummins is owned by its public shareholders with no controlling investor. Institutional holders including Vanguard and BlackRock are among the largest.
What is Cummins' revenue?
Cummins reported FY2025 revenues of $33.7 billion, down 1% year over year, with net income of $2.8 billion and diluted EPS of $20.50.
How many brands does Cummins own?
Cummins operates primarily under the Cummins master brand plus specialized brands including Accelera, Cummins Onan, Holset, and Endurant. The Fleetguard brand moved to Atmus Filtration Technologies in the 2024 separation.
- Founded: 1919
- Headquarters: Columbus, Indiana, USA
- Company Type: Publicly Traded
- Stock: NYSE: CMI
- Revenue: $33.7 billion (FY2025)
- Employees: Approximately 69,000
Where Is Accelera Made / Based?
- Headquarters: Columbus, Indiana, USA (parent)
- Manufacturing / Operations: United States, China
Accelera Categories & Tags
Accelera Recalls & Controversies
As an emerging technology brand, Accelera's controversies are strategic rather than product-level.
Electrolyzer impairment (2025): The $458 million FY2025 charge for the electrolyzer business was the brand's defining event, an acknowledgment that investment exceeded near-term hydrogen demand. The action drew scrutiny over whether the company had overcommitted to hydrogen timelines, though management framed it as disciplined pacing.
Commercialization pace: Critics and investors have noted that Accelera's revenue ramp has been slower than early projections, reflecting industry-wide delays in zero-emissions commercial vehicle adoption rather than product failure.
Regulatory dependence: The segment's growth depends on continued policy support for hydrogen infrastructure and zero-emissions mandates, which have been delayed or reduced in several markets in 2025 and 2026.
Brands Owned by Cummins Inc.
AutomotiveCummins Onan
Owned by Cummins Inc.
Generator brand of Cummins Inc., producing mobile, RV, marine, and commercial power generators under the Cummins Onan name since Cummins acquired Onan in 1986.
generatorsrv-powermarine-generators
AutomotiveCummins
Owned by Cummins Inc.
Master brand of Cummins Inc., covering diesel and natural gas engines, power generation systems, and components for trucks, construction, agriculture, and data center backup power.
diesel-enginespower-generationtruck-engines
Accelera Ownership: Pros & Cons
Advantages
- +Backed by Cummins' industrial credibility and 190-country service network
- +Distinct brand identity separates zero-emissions from diesel heritage
- +Reportable segment status gives investors visibility into the transition business
- +Existing fleet relationships provide a softer adoption path than pure startups
- +Destination Zero strategy positions the parent for long-term decarbonization
Considerations
- -$458 million in FY2025 charges acknowledged over-investment in electrolyzers
- -Hydrogen adoption timelines have stretched beyond early projections
- -Revenue ramp is slow and the segment is not yet profitable
- -Regulatory support for hydrogen and electrification is uncertain
- -Competes against both established OEM suppliers and dedicated electrification players
Frequently Asked Questions About Accelera
Sources & Further Reading
Competitors to Accelera
No direct competitors found in the same category. This could be because Acceleraoperates in a unique market segment or we're still building our competitor database.
Independent Alternatives to Accelera
Looking for brands with different ownership structures? These similar brands are not owned by Cummins Inc., giving you alternative choices that support different corporate structures.
AutomotiveGenesis
Owned by Hyundai Motor Group
South Korean luxury vehicle brand specializing in premium automobiles, owned by Hyundai Motor Group.
luxuryautomotivepremium-vehicles
Privately Owned
Genesis is privately owned, unlike Accelera which is under a publicly traded parent company.
AutomotiveDefender
Owned by Jaguar Land Rover Automotive PLC
British off-road vehicle brand produced by Jaguar Land Rover, a subsidiary of Tata Motors. Originally launched in 1948 as the Land Rover, reintroduced as the modern Defender in 2020.
utility-vehiclesoff-roadsuv
Privately Owned
Defender is privately owned, unlike Accelera which is under a publicly traded parent company.
AutomotiveHyundai
Owned by Hyundai Motor Group
South Korean automobile manufacturer known for its value proposition, quality improvements, and stylish designs in the global automotive market.
korean-carvalue-brandglobal-automaker
Privately Owned
Hyundai is privately owned, unlike Accelera which is under a publicly traded parent company.
AutomotiveInterstate Batteries
Owned by Interstate Battery System of America
American battery distributor founded in 1952, specializing in automotive, commercial, and consumer batteries, headquartered in Dallas, Texas.
batteriesautomotive-batterieslead-acid-batteries
Privately Owned
Interstate Batteries is privately owned, unlike Accelera which is under a publicly traded parent company.
AutomotiveIronman Tires
Owned by Hercules Tire and Rubber Company
Budget tire brand owned by Hercules Tire and Rubber Company, a subsidiary of American Tire Distributors, offering affordable tires for passenger vehicles, light trucks, and commercial vehicles.
tiresbudget-tiresautomotive
Privately Owned
Ironman Tires is privately owned, unlike Accelera which is under a publicly traded parent company.
AutomotiveJaguar
Owned by Tata Group
British luxury automotive brand founded in 1922, owned by Tata Motors of India since 2008 through Jaguar Land Rover Limited, currently undergoing a complete rebrand and transition to an all-electric lineup.
luxuryperformancebritish-brand
Privately Owned
Jaguar is privately owned, unlike Accelera which is under a publicly traded parent company.
Cummins Inc. Stock Information
Jobs at Cummins Inc.
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