SpinDrive logo — Democratizing levitation

SpinDrive

Democratizing levitation

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

General Information

Company Name SpinDrive
Founded Year 2015
Location Finland Finland
Employees 31
Industries Energy, Transportation
Business Model B2B, D2C, B2B2B
Revenue Model Product Sales, Service Fee, Consulting Fee
Social

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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.

Business keywords: 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 Undisclosed 2
Rhapsody Venture Partners, Innovestor
01 Oct 2025
Grant €3.80M 3
Rhapsody Venture Partners, Innovestor +1
01 Nov 2023
Seed €1.60M 4
Butterfly Ventures, SDGx Ventures +2
01 Oct 2021
Grant €600.00K -
01 Jan 2021
Support Program Undisclosed 1
CDL-Paris
01 Sep 2020
Grant €50.00K 1
European Innovation Council
01 Jun 2019
Spinout Undisclosed 1
Lappeenranta University of Technology
01 Dec 2015

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FAQ About SpinDrive

Democratizing levitation
SpinDrive was founded in 2015.
SpinDrive is headquartered in Finland.
SpinDrive operates in Energy and Transportation. Its work centres on Active Magnetic Bearings, Levitation Technology, Energy Efficiency and CO2 Emissions Reduction. Its customers include Industrial machinery manufacturers, Fusion reactor developers and Companies seeking carbon-neutral solutions.
SpinDrive has a B2B, D2C and B2B2B business model. Its revenue comes from Product Sales, Service Fee and Consulting Fee.
SpinDrive has approximately 31 employees.
SpinDrive has completed 7 funding rounds, raising a total of $6.05M.
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 OPmobility, Electric Miles, IO-Dynamics, eMotorWerks, Inc, Blackburn Energy, Inc.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
SpinDrive and OPmobility 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 SpinDrive, https://bouncewatch.com/company/spindrive, updated 17 August 2026. When citing, please name BounceWatch and link this page.

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