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904 Finnish SpinDrive raises growth funding to expand magnetic bearing technology

ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 10/28/2025 09:28 EDT

Finnish SpinDrive raises growth funding to expand magnetic bearing technology

Finnish industrial technology company SpinDrive has raised growth funding led by Rhapsody Venture Partners and Innovestor to expand its presence in the United States and launch a new product line. The company develops active magnetic bearing (AMB) systems that use magnetic levitation instead of mechanical contact to reduce friction and eliminate the need for oil-based […]

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