SpinDrive
Company

Last deal

Amount

Grant

Stage

28.02.2024

Date

7

all rounds

$5.8M

Total amount

General

About Company
SpinDrive develops customized levitation technology, maximizing energy efficiency and promoting oil-free solutions.

Industry

Sector :

Subsector :

founded date

01.12.2015

Number of employees

Company Type

For Profit

Last funding type

Grant

IPO status

Private

Description

The company specializes in creating active magnetic bearing systems that eliminate friction, requiring no lubricant and reducing energy losses in machines by half. Their systems offer a maintenance-free, silent, and vibration-free experience while also eliminating carbon dioxide emissions. SpinDrive provides design, prototyping, and serial production of these active magnetic bearings for Original Equipment Manufacturers (OEMs). With their solution, clients can mitigate 200 tons of CO2 emissions annually, equivalent to burning 2,000 barrels of oil, and achieve a 2-year payback time. The levitation technology ensures 20 years of maintenance-free operations, allowing OEM customers to enter growing markets and align with an environmentally friendly strategy. SpinDrive's solutions significantly increase system efficiency, reduce material consumption, and minimize maintenance costs, ultimately lowering equipment lifecycle costs by 35%.
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