FinTechFunding

Turntide Technologies: Raises $33M in Funding

  • Turntide Technologies, a Sunnyvale, Calif.-based company responsible for a sustainable electric motor with digital DNA, completed a $33m funding round
  • Backers included The Amazon Climate Fund, Meson Capital, BMW iVentures, JLL Spark, WIND Ventures, and Tony Fadell’s Future Shape
  • The company intends to use the funds to continue to expand its business and development efforts
  • Turntide also makes an intelligent motor system combined with IoT building automation technology to optimize efficiency
  • The Smart Motor System’s digital DNA enables precise control to use every watt of energy to reduce electricity consumption and achieve optimal efficiency
  • The systems manufactured, shipped, and installed at scale across the United States, Canada, and the UK with further international expansion planned in 2021
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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