SpinDrive logo — Democratizing levitation

SpinDrive

Democratizing levitation

Founded 2015 Finland Finland 31 employees Unknown Total: $6.05M Energy, Transportation

General Information

Company Name SpinDrive
Founded Year 2015
Location Finland Finland +1
Employees 31
Industries Energy, Transportation
Funding Stage Unknown
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Event Participation Aug 05, 2026

SpinDrive will be attending Turbomachinery & Pump Symposia (TPS) 2026 in Houston, Texas from 22-24 September 2026, showcasing their Active Magnetic Bearing technology.

About SpinDrive

SpinDrive, founded in 2015, is making significant strides in the industrial automation space with its core expertise in active magnetic bearing (AMB) technology. Their slogan, "Democratizing levitation," succinctly encapsulates their mission to offer original equipment manufacturers (OEM) cutting-edge, sustainable solutions.

Based in Finland, SpinDrive promises to halve energy losses in machinery, cutting down CO2 emissions by 200 tons annually per 500-kW unit. The technology not only eliminates the need for mechanical friction but also provides a lifespan of maintenance-free operations for up to 20 years.

Aligning with modern eco-friendly policies, their oil-free solutions minimize lifecycle costs by 35%, making them attractive for markets emphasizing environmental sustainability. The company's technological innovation and market focus were recently validated with a late VC investment in October 2025 from Rhapsody Venture Partners and Innovestor, indicating a solid growth trajectory.

Taxonomy: Active Magnetic Bearings, Levitation Technology, Energy Efficiency, CO2 Emissions Reduction, Oil-Free Solutions, OEM Solutions, High-Speed Drivetrains, Maintenance-Free Operations, Prototyping, Serial Production, System Efficiency, Equipment Lifecycle Cost Reduction, Customized Engineering, Control Electronics, Power Electronics

Services & Products

Design and commissioning of AMB systems
Cost-efficient AMB solutions
Tailored active magnetic bearing solutions
Magma X800 AMB controller

Target Customers

Industrial machinery manufacturers Fusion reactor developers Companies seeking carbon-neutral solutions Turbo blower and flywheel developers

Funding Rounds & Investors (7)

View All
Funding Stage Amount Investors Lead Investors Date
Late Vc •••••• 2
Investor Investor
01 Oct 2025
Grant •••••• 3
Investor Investor Investor
01 Nov 2023
Seed •••••• 4
Investor Investor Investor Investor
01 Oct 2021
Grant •••••• - 01 Jan 2021
Support Program •••••• 1 •••• •••• 01 Sep 2020

View All 7 Funding Rounds

SpinDrive Alternatives & Competitors

View All Alternatives
SpinDrive vs

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Fizix
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Wave Power. To Power the planet.

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FAQ About SpinDrive

Democratizing levitation
SpinDrive was founded in 2015.
SpinDrive is headquartered in Finland.
SpinDrive operates in the following industries: Energy, Transportation.
SpinDrive has approximately 31 employees.
SpinDrive has completed 7 funding rounds, raising a total of $6.05M. The latest funding stage is Unknown.
SpinDrive offers: Design and commissioning of AMB systems, Cost-efficient AMB solutions, Tailored active magnetic bearing solutions, Magma X800 AMB controller.
Top alternatives and competitors to SpinDrive include Michael Koch GmbH, Fizix, CorPower Ocean, Rogers Machinery Company, Inc., ZILO™. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
SpinDrive and Michael Koch GmbH 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.

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