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Turntide Technologies
About
Turntide Technologies develops an electric motor system designed to drive down energy consumption.
- 101 - 250
Details
- Last Funding Type
- Series Unknown
- Last Funding Money Raised
- $80M
- Industries
- CleanTech,Electrical Distribution,Energy,Energy Efficiency,GreenTech,Industrial,Industrial Automation,Machinery Manufacturing
- Founded date
- Jan 1, 2013
- Number Of Employee
- 101 - 250
- Operating Status
- Active
Turntide specializes in developing sustainable technologies that drive down energy consumption and operating costs in buildings, agriculture, and electric transport, boosting bottom lines and accelerating a global path to 100% renewable energy. It has developed an efficient electric motor system, based on revolutionary switched reluctance technology, managed by advanced cloud software. Its goal is to eliminate the 25% of global electricity consumption that is wasted by legacy electric motors, thus accelerating the world’s transition from fossil fuels and leaving them in the ground where they belong.The company was founded in 2013 and is headquartered in Sunnyvale, California.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Jun 15, 2022 | Series Unknown | $80M | 1 | — | — | Detail |
| Jun 30, 2021 | Convertable Note | $225M | 1 | — | — | Detail |
| Mar 3, 2021 | Series Unknown | $80M | 2 | — | — | Detail |
| Aug 30, 2017 | Grant | $747.28K | 1 |
National Science Foundation
|
— | Detail |
| Jun 20, 2016 | Grant | $224.82K | 1 |
National Science Foundation
|
— | Detail |
Investments
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
National Science Foundation
|
Yes | Grant |
Fifth Wall
|
— | Series Unknown |
|
|
— | Convertable Note |
