SpinDrive Secures Funding To Scale Magnetic Bearing Technology For A Cleaner, More Efficient Industry

Founded in 2015, SpinDrive develops magnetic-levitation solutions for high-speed industrial machinery, aiming to make equipment more efficient, reliable, and maintenance-free through advanced IoT-enabled monitoring.

Unlike traditional bearings that rely on oil lubrication and physical contact causing friction, wear, and energy losses SpinDrive’s AMB technology levitates the rotor, removing mechanical contact entirely. This enables maintenance-free operation for over 20 years, eliminates the need for oil, and reduces maintenance costs by over 80%.

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With growing traction in the US, SpinDrive’s systems are used in industrial cooling, heat pumps, wastewater treatment, and semiconductor manufacturing, where energy efficiency and uptime are crucial.

Its upcoming Magma X100 system, developed with support from the European Commission, extends AMB technology to ultra-high-speed machinery under 100 kW. It is SpinDrive’s smallest, most cost-effective, and energy-efficient product yet and has already received commercial orders ahead of launch.

Janne Heikkinen, CEO of SpinDrive, said: Magma X100 brings the benefits of AMBs to applications for which there has been no technical solution to date. Our new product is small in form factor and a fraction of the cost of existing AMB systems. We believe the benefits of AMBs will revolutionise a broad new set of appliances and machinery.

The new funding will help SpinDrive expand its US customer base, strengthen its market presence in the region, and support the launch of the Magma X100 the company’s next-generation magnetic bearing controller product line.

About SpinDrive

SpinDrive develops advanced magnetic bearing systems that eliminate friction and maintenance in high-speed machinery. By replacing traditional bearings with magnetic levitation and smart monitoring the company boosts efficiency and sustainability across industries making next-generation energy-saving technology available to manufacturers worldwide.