Finnish cleantech SpinDrive raises €3.8 million to cut industrial energy waste with magnetic levitation bearings
Summary
SpinDrive, a Finnish company providing affordable active magnetic bearings for original equipment manufacturers (OEMs), has secured a €3.8 million Series A funding round. “We have seen increasing international demand for more energy efficiency and cleaner solutions in industrial production, and we are excited to build SpinDrive to meet those customer needs with our active magnetic bearing systems and controllers. By offering an affordable solution to overcome these limitations, SpinDrive’s AMBs and controllers enable manufacturers to reduce energy needs by as much as 15% by allowing increased rotational speeds in a vast array of systems beyond previously possible. By improving the energy efficiency in existing and new machinery, we tackle the problem in a massive area and provide a significant impact,” addeed Janne Heikkinen, CEO and Co-founder of SpinDrive. SpinDrive has the most advanced control systems for active magnetic bearings, with customers in Finland, Germany, the USA, Denmark, France, Italy, China, and the United Kingdom.