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MagDrive Technologies logo — Leaders of the Magnetically Actuated Valve technology. We ca...

MagDrive Technologies

Leaders of the Magnetically Actuated Valve technology. We capture Methane and other fugitive emission leaks from valves.

Founded 2022 United States Bozeman, United States 5 employees Seed Total: $3.00M Industrial, Manufacturing +1

General Information

Company Name MagDrive Technologies
Founded Year 2022
Location United States Bozeman, United States
Employees 5
Industries Industrial, Manufacturing, Oil and Gas
Funding Stage Seed
Social

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About MagDrive Technologies

MagDrive Technologies is a pioneering company in the Manufacturing and Oil and Gas industries, established in 2022. Their mission is to tackle the issue of greenhouse gas leaks, particularly from industrial valves, such as Methane and CO2. The company's magnetic actuation valve drive, which originated from NASA projects, offers a solution to the costly problem of fugitive emissions from valve stems. With a recent $1.00M Pre Seed Round investment on 13 October 2022, MagDrive is poised to make significant strides in capturing fugitive emission leaks and reducing the associated financial and environmental impact. Headquartered in the United States, MagDrive Technologies is at the forefront of magnetically actuated valve technology, aiming to revolutionize the management of methane and other fugitive emission leaks from valves in the oil and gas industry.

Business keywords: Magnetically Actuated Valve, Greenhouse Gas Capture, Fugitive Emissions, Industrial Valves, Oil and Gas Industry, Methane Leak Detection, CO2 Emissions, NASA Technology, Cryogenic Containment, Space Flight Applications, Torque Production, Environmental Solutions, Energy Sector, Bozeman, Montana

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round $2.00M -
01 May 2024
Pre Seed Round $1.00M -
13 Oct 2022

MagDrive Technologies Alternatives & Competitors

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MagDrive Technologies vs
Mirico
Mirico United Kingdom

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MagDrive Technologies vs
Bridger Photonics, Inc.
Bridger Photonics, Inc. United States

Gas Mapping LiDAR efficiently detects, locates, & quantifies methane, providing actionable data for...

Venture round
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Energy, Industrial
MagDrive Technologies vs
Kuva Systems
Kuva Systems United States

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FAQ About MagDrive Technologies

Leaders of the Magnetically Actuated Valve technology. We capture Methane and other fugitive emission leaks from valves.
MagDrive Technologies was founded in 2022.
MagDrive Technologies is headquartered in Bozeman, United States.
MagDrive Technologies operates in Industrial, Manufacturing and Oil and Gas. Its work centres on Magnetically Actuated Valve, Greenhouse Gas Capture, Fugitive Emissions and Industrial Valves.
MagDrive Technologies has approximately 5 employees.
MagDrive Technologies has completed 2 funding rounds, raising a total of $3.00M. The latest funding stage is Seed.
Top alternatives and competitors to MagDrive Technologies include Mirico, Bridger Photonics, Inc., Kuva Systems, Valpres S.r.l., PERGAM-SUISSE AG. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
MagDrive Technologies and Mirico are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for MagDrive Technologies, https://bouncewatch.com/company/magdrive-technologies, updated 10 October 2024. When citing, please name BounceWatch and link this page.

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