# SpinDrive: Machinery, Lappeenranta, Finland

> SpinDrive: SpinDrive is a Finnish cleantech company founded in 2015, based in Lappeenranta, Finland. Based in Lappeenranta, Finland. Founded 2015.

Source: https://millionrounds.com/startup/spindrive (Millionrounds; every figure on the page links to its filing or article)

Finland · [Machinery startup](https://millionrounds.com/companies)

# SpinDrive

SpinDrive is a Finnish cleantech company founded in 2015, based in Lappeenranta, Finland.

Email

Funding reported Last round: Grant

Machinery Lappeenranta, Finland

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Company summary

- **Founded:** 2015 11 years old
- **Team:** 31 11 to 50 people
- **Funding reported:** 8.7M as listed, currency not stated
- **Last round:** Grant Feb 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for SpinDrive has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About SpinDrive

SpinDrive is a Finnish cleantech company founded in 2015, based in Lappeenranta, Finland.

The company specializes in designing, prototyping, and mass-producing active magnetic bearing (AMB) systems that eliminate mechanical friction in rotating machinery. This innovation significantly reduces energy losses and lowers equipment lifecycle costs. SpinDrive offers a comprehensive AMB system solution, which includes custom magnetic bearing systems, high-speed drivetrains, and control electronics. Their technology enhances system efficiency and provides IoT condition monitoring services to predict maintenance needs. The company primarily serves Original Equipment Manufacturers (OEMs) in industries such as turbomachinery, power generation, transportation, and HVAC. With a focus on improving energy efficiency and reducing CO2 emissions, SpinDrive aims to contribute positively to climate change efforts.

## What company datasets say SpinDrive raised

Funding, as reported

Reported in all **8.7M** in the source's currency

Rounds **7**

Last round **Grant**

Last round date **Feb 2024**

Investors listed **9**

## On a portfolio page

Investors who name them

- [Butterfly Ventures](https://millionrounds.com/fund/butterfly-venture)

Each firm lists SpinDrive on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

hardware industrial automation harsh environment operation control electronics manufacturing magnetic bearing control software high-speed machinery magnetic bearing parts scale with high-speed bearings environmental services contactless levitation scale high-speed bearings sensors turbine mechanical or industrial engineering services

Built with from their website

.NET Google Cloud Hosting Azure Cloud Services Microsoft Exchange Microsoft 365 Apps & Services Python Microsoft Exchange Online Microsoft 365 Outlook Microsoft Email Providers

- **Sector:** Machinery
- **Industry code:** NAICS 33361, 33324, 334513, SIC 3621
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/spindrive)

## Machinery in Finland

Startups like it

- [**Tamturbo** Tampere · founded 2010](https://millionrounds.com/startup/tamturbo)
- [**Savcor** Mikkeli · founded 1981](https://millionrounds.com/startup/savcor)
- [**Savroc** Kuopio · founded 2013](https://millionrounds.com/startup/savroc)
- [**Mekitec** Oulu · founded 2005](https://millionrounds.com/startup/mekitec)
- [**Sofi Filtration** Lappeenranta · founded 2011](https://millionrounds.com/startup/sofi-filtration)
- [**Teraloop Oy** Helsinki · founded 2014](https://millionrounds.com/startup/teraloop-oy)
- [**Helmee Imaging Ltd** Tampere · founded 2013](https://millionrounds.com/startup/helmee-imaging-ltd)
- [**Hydroline** Vuorela · founded 1962](https://millionrounds.com/startup/hydroline)

## Is this your company?

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