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Private company

AC Propulsion

Logo: AC Propulsion, Public domain, via Wikimedia Commons3

Automobile manufacturer in US

AC Propulsion is a San Dimas, California, USA company founded in 1992 by Alan Cocconi, Wally Rippel, and Paul Carosa, that specializes in alternating current-based drivetrain systems for electric vehicles. It offers AC-induction traction motors. The company produces electric vehicle drive systems featuring high performance, high efficiency induction motors and integrated high power battery charging.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1992Founded1

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Acp tzero DSC00657
Photo: User D0li0 on en.wikipedia, CC BY-SA 3.0, via Wikimedia Commons5

AC Propulsion is a San Dimas, California, USA company founded in 1992 by Alan Cocconi, Wally Rippel, and Paul Carosa, that specializes in alternating current-based drivetrain systems for electric vehicles. It offers AC-induction traction motors. The company produces electric vehicle drive systems featuring high performance, high efficiency induction motors and integrated high power battery charging. Previously, they built an electric sports car, the tzero and the eBox, an electric conversion based on the Scion XB. They also develop prototype electric vehicles for OEM customers.2

The story

Founder Alan Cocconi designed and built the controller used in the original GM Impact, which later became the GM EV1. ACP introduced the first AC-100 in 1992 and the AC-150 150 kW (200 hp) integrated drive system in 1994. The AC-150 has been used in a variety of applications such as the BMW Mini E, Foton Midi taxi and a USPS LLV demo vehicle. AC Propulsion was a pioneer in Vehicle to grid or V2G systems, with their second generation AC-150 drivetrain offering a bidirectional grid power connection.

The company works with automobile manufacturers such as Changan Automobile.

From Wikipedia’s article on AC Propulsion, shared under CC BY-SA 4.0.4

Products and brands

AC Propulsion tzero

AC Propulsion eBox

Volvo 3CC

Venturi Fetish

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Courreges EXE

Courreges ZOOOP (with lithium polymer batteries)

Wrightspeed X1 (based on the Ariel Atom)

Mini E

Peraves E-Tracer

Toyota RAV4 EV

Tesla Roadster (2008)

From Wikipedia’s article on AC Propulsion, shared under CC BY-SA 4.0.4

Timeline

  1. 1992Founded Founded1

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$284.0K 2020–2020
Money received by yearMoney received by year, 2020–2020: $284.0K in all. PPP loans $284.0K.$0$100K$200K$300K2020 · PPP loans: $284.0K2020
Figures by year
YearPPP loansTotal
2020$284.0K$284.0K

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA6. Matched to this company by name and state.

  1. May 5, 2020$284.0K PPP loan (first draw) from Citizens Business Bank6To AC PROPULSION, INC, San Dimas CA; $286.7K forgiven Apr 27, 2021

Sources

The numbers on this page point here. Each one links to the record it came from.

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