Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Bill Gates invested to Turntide startup
Global investment

Startup Turntide Technologies received $80 million in funding

27.11.2021
2 min read

Turntide Technologies has received investment for the development of its electric motor

The California-based startup Turntide Technologies raised $80 million in another round. Investors included the Bill Gates and Amazon Climate Pledge funds, actor Robert Downey Jr. and Tony Fadell, who worked as a lead engineer at Apple. The new influx of funds brings the startup’s total investment to $180 million.
Turntide is engaged in the production of electric motors, which consume 30% less electricity than other analogs. According to the developers, they got the idea for their device from the discoveries of the XIX century.
The startup managed to improve the efficiency of the standard electric motor through the use of unique software. The design is based on the ideas of past centuries, but only in our time they managed to adapt them to modern technology. The computer chips used to create this type of electric motor have only recently become cheap enough to be used for mass production.
The Smart Motor ventilated electric motor has a rotor that is made of a magnetically soft material. It is driven by the rotating magnetic field from the stator windings, to which voltage pulses are applied by a controlled circuit. So far, the device can not go into widespread use, which is due to the complexity of controlling the power of the windings.In terms of technical characteristics, the motor from Turntide is not inferior to other devices on the market. However, it has the main advantage that it requires 30% less electricity to operate and is more efficient than its counterparts. This factor plays an important role in pursuing a zero-emissions strategy. According to one investor, it was the environmental component that played a key role in his decision to invest in the startup. In addition, the software platform makes it possible to control the operation of the engine.
At the moment, Turntide’s activities are focused on a small market. Its specialists work with electric motors that are installed in ventilation systems of large buildings. The startup replaces obsolete devices with its own, more efficient and economical ones. Thanks to the company’s energy-saving technology, its operations have a quick payback period of just three years. During 2020 Turntide replaced 5 thousand motors, and in 2021 it produced about 50 thousand new devices. In addition, the startup is actively developing a software platform that can optimize the operation of various systems responsible for life processes in buildings.
The representatives of the startup consider the development of new pumps and compressors to be another promising area. However, according to experts, a promising market for Turntide products in the near future will be the segment of electric cars, the number of which is growing every day. However, to do so, the company’s electric motors must acquire a number of characteristics that are necessary for use in this type of vehicle.

Tags: Global investment
0
Previous Post The volume of trading on the Hong Kong exchange exceeded the indicators on the London site Next Post UAE fields to be developed by Eni and SNOC

You Might Also Like

Canadian government
Global investment
Canadian government to boost support for AI sector
21.08.2024
CloudKitchens
Global investment
CloudKitchens startup has received investments from Saudi Arabia
13.09.2020
Saudi Arabia and Egypt NEOM city
Global investment
Saudi Arabia and Egypt to build the megacity of the future
26.01.2024
Flow of direct investments
Global investment
Foreign direct investment flows declined as a result of the pandemic
02.03.2021
budgetary rules in the EU
Global investment
Budgetary rules in the European Union require revision
21.07.2022
Skolkovo Ventures
Global investment
The Skolkovo Ventures investment platform will finance technology companies by 2.5 billion rubles
31.01.2021

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics