202024 Sep

Turntide Technologies Brings Change to Global Power Consumption with World's First Digital, Intelligent and Sustainable Electric Motor, Raises $33M Including Investment from Amazon Climate Pledge Fund

Summary

They are backed by over $100 million from a Global Coalition of investors representing a cross section of different geographies and industries with the goal to turn the tide on climate change, including , and Tony Fadells Todays motors are inefficient, unintelligent and unreliable. Until now, high efficiency motors have required expensive permanent magnets to produce the torque needed to operate, often made of rare earth minerals, that are environmentally destructive to mine. The Smart Motor Systems digital DNA enables precise and reliable control to effectively use every watt of energy to reduce electricity consumption and achieve optimal efficiency. "Electric motors are everywhere, across all sectors and geographies, so the opportunity to partner with a company who can help accelerate the energy transition on a global basis is very exciting to us," said Brian Walsh, Head of WIND Ventures. Turntides patented software-driven Smart Motor System not only delivers optimal energy efficiency through various speeds and torque, but also continuously monitors its operation for signs of degradation or equipment faults."

Source: Prnewswire

Funding

$33M
Amount
Sep 24 2020
Date
-
Investor

Classifications

Companies