155 place 14

518 Finnish cleantech SpinDrive raises €3.8M to cut industrial energy waste and pollution with magnetic levitation bearings

ArcticStartup
Nurcin Metingil @ ArcticStartup 3 place · 11/08/2023 04:02 EDT

Finnish cleantech SpinDrive raises €3.8M to cut industrial energy waste and pollution with magnetic levitation bearings

In a recent Series A funding round, Lappeenranta-based cleantech startup SpinDrive secured €3.8 million, led by U.S.-based investor Rhapsody Venture Partners, with participation from existing investors Innovestor and Born2Grow. This investment will facilitate SpinDrive’s global expansion and the development of Active Magnetic Bearings, aiming to enhance industrial efficiency and reduce energy waste and pollution worldwide. […]

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