Finnish cleantech company SpinDrive raises €3.8M to cut industrial energy waste and pollution with magnetic levitation bearings
SpinDrive will use the funds to boost its global growth, helping industrial machinery manufacturers affordably achieve higher energy efficiency and productivity by providing a frictionless alternative to high-maintenance, oil-dependent, and energy-wasting bearing technologies. The company will also develop a new range of Active Magnetic Bearings for new applications.LAPPEENRANTA, Finland (November 8th, 2023) SpinDrive , a Finnish company providing affordable active magnetic bearings for original equipment manufacturers (OEMs), has secured a €3.8M Series A funding round.