SpinDrive completed the Industrial Levitation Technology (INLET) project supported by HORIZON 2020

SpinDrive took part in the highly competitive Horizon 2020 program run by the Executive Agency for Small and Medium-sized Enterprises (EASME). The program consists of several phases where SpinDrive has completed Phase 1 of the project (SME Instrument 1). SMEI-1 feasibility study guided our future growth as it was aimed to acquire a deep understanding of the market,…

Butterfly Ventures invests in SpinDrive

SpinDrive is a Finnish start-up that provides tailored magnetic bearing systems for original equipment manufacturers (OEMs). The company was founded in 2015 with the four founding members forming the board. SpinDrive is democratizing levitation and promoting emerging technology of high-speed machinery towards completely oil-free operation and the highest efficiency.   SpinDrive completed seed capital investment round during 2019. The funding was led…

Centre for Economic Development, Transport and the Environment for Häme supports SpinDrive’s development actions

Centre for Economic Development, Transport and the Environment for Häme has awarded 50 000 € grant for development actions of SpinDrive. The grant covers 50% of the total development costs and it is awarded from the European Regional Development Fund.  Active magnetic bearings (AMB) enable higher rotational speeds of electrical machines allowing direct attachment of actuator such as compressor wheel to…

International Development Project of the Helium Primary Heat Transfer System for the DEMOnstration unit

SpinDrive started research and development project of the fusion reactor for the Helium Primary Heat Transfer System (PHTS). SpinDrive is developing, testing and supplying the active magnetic bearing (AMB) system for the application. The goal of the project is to acquire the unique know-how of the advanced technology and build the prototypes required for the…