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Fifth Wall Kicks Off Climate Week NYC By Welcoming Many New Strategic Investors & A New Partner To Its Climate Tech Fund
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Fifth Wall Kicks Off Climate Week NYC By Welcoming Many New Strategic Investors & A New Partner To Its Climate Tech Fund
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SUNNYVALE, Calif., March 3, 2021 /PRNewswire/
Turntide Technologies ( Turntide ), the company responsible for the Smart Motor System™ and the Optimal Efficiency Motor™ with digital DNA, today announced the completion of an $80 million funding round, bringing the company s total funding to date to $180 million. The round was led by Breakthrough Energy Ventures and includes investments from Robert Downey Jr. s FootPrint Coalition Ventures, the Amazon Climate Pledge Fund, Keyframe Capital, Fifth Wall s Climate Technology Fund and Captain Planet LP.
The electric motors powering our world today account for half of global electricity consumption - more than lighting, heating, and electronics combined. As our climate changes and economy grows, the global demand for electric motors will continue to rise. With this new funding, Turntide plans to expand development and production of its Smart Motor System to meet growing demand and extend it into new application
Turntide Technologies Raises $80M With Investments From Breakthrough Energy Ventures And Robert Downey Jr s FootPrint Coalition Ventures
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