Finnish cleantech SpinDrive raises €3.8 million to cut industrial energy waste with magnetic levitation bearings

Published on November 8, 2023

SpinDrive, a Finnish company providing affordable active magnetic bearings for original equipment manufacturers (OEMs), has secured a €3.8 million Series A funding round. The round was led by U.S.-based, hardware companies-focused investor Rhapsody Venture Partners, with existing investors Innovestor from Finland and Born2Grow from Germany also participating. The funding will enable SpinDrive to ramp up…

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