extends pre-Series A funding to 2.4 M€ with Business Finland support
Summary
SpinDrive provides active magnetic bearing (AMB) systems for the original equipment manufacturers (OEMs) in various industries. At the same time, we should maintain the required economic growth supported by energy and power generation. Increasing the energy efficiency of industrial processes using high-speed electric motors with AMBs is the most effective way to achieve this. Janne continued.The R&D program is aimed at finalization of the core product production, new generation control software development and new market segment piloting.SpinDrive improves the energy efficiency of industrial processes by providing active magnetic bearings to equipment manufacturers. Our built-in sensors enable condition monitoring of the whole unit.Business Finland is a Finnish government organization that helps companies to grow globally as well as provides funding for innovations.