SpinDrive provides design, prototyping and serial production of active magnetic bearings (AMBs) for Original Equipment Manufacturers (OEM). SpinDrive reduces energy losses in the machine by half. For a 500-kW unit, this solution mitigates 200 tons of CO2 emissions annually, which is equivalent to 2,000 barrels of oil burnt and enables 2-year payback time. An active magnetic bearing levitates the rotational part of the machine, eliminating mechanical friction. It enables 20 years of maintenance-free operations. SpinDrive solution is completely oil-free, which allows OEM customers to enter rapidly growing markets and ensure alignment with a contaminant-free environmental strategy. We help customers to significantly increase their solutions’ system efficiency, reduce material consumption and minimize maintenance costs. SpinDrive lowers the customer’s equipment lifecycle costs by 35%.
Location: Finland
Employees: 11-50
Total raised: $4.06M
Founded date: 2015
Investors 5
| Date | Name | Website |
| 31.10.2021 | Innovestor | innovestor... |
| 30.11.2023 | Rhapsody V... | rhapsodyvp... |
| - | MassChalle... | masschalle... |
| - | Creative D... | creativede... |
| - | D11Z.Ventu... | d11z.com |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 09.11.2023 | Series A | $4.06M | - |
Mentions in press and media 15
| Date | Title | Description |
| 22.04.2026 | WEG and SpinDrive partner to deliver next-generation oil-free motor systems with active magnetic bearings | WEG and SpinDrive partner to deliver next-generation oil-free motor systems with active magnetic bearings Wed, Apr 22, 2026 11:14 CET Report this content Strategic collaboration integrates SpinDrive’s active magnetic bearing technology into... |
| 28.10.2025 | SpinDrive raises funding to scale magnetic bearing tech for cleaner industry | SpinDrive, a Finland-based provider of active magnetic bearing (AMB) systems, has secured new growth funding led by long-time investors Rhapsody Venture Partners and Innovestor. Founded in 2015, SpinDrive commercialises magnetic-levitation ... |
| 28.10.2025 | SpinDrive raises growth funding to scale magnetic levitation bearing technology for more efficient, cleaner industrial machinery | SpinDrive raises growth funding to scale magnetic levitation bearing technology for more efficient, cleaner industrial machinery Tue, Oct 28, 2025 10:45 CET Report this content Half of global electricity use and 11% of global carbon emissio... |
| 28.10.2025 | SpinDrive Raises Growth Funding | SpinDrive, a Lappeenranta, Finland-based provider of active magnetic bearing (AMB) systems, raised a growth funding round of undisclosed amount. x Please enable JavaScript Video Player is loading.Play Video Play Unmute 1xPlayback Rate 2x1.5... |
| 01.03.2024 | EIC Accelerator invests €285M in deeptech startups — several are from CEE | EIC Accelerator invests €285M in deeptech startups — several are from CEE 01 March, 2024, 09:22 Mariia Denysiuk --> --> --> -->--> --> --> --> --> --> --> --> --> European Innovation Council has sel... |
| 09.11.2023 | Finnish startup SpinDrive raises €3.8M Series A for affordable, energy-efficient industrial bearings | This week, SpinDrive, a Finnish company providing affordable active magnetic bearings for original equipment manufacturers (OEMs), has secured a €3.8 million Series A funding round. SpinDrive’s frictionless bearings are smaller, more energy... |
| 09.11.2023 | SpinDrive Raises €3.8M in Series A Funding | SpinDrive, a Lappeenrata, Finland-based cleantech company providing active magnetic bearings for original equipment manufacturers (OEMs), raised €3.8M in Series A funding. The round, which brought the total amount to €8M to date, was led by... |
| 08.11.2023 | Finnish cleantech SpinDrive raises €3.8M to cut down on industrial energy waste | Finnish cleantech SpinDrive raises €3.8M to cut down on industrial energy waste 08 November, 2023, 16:17 Rostyslav Sobachynskyi --> --> --> -->--> --> --> --> --> --> --> --> --> SpinDrive, a Finlan... |
| 08.11.2023 | Finnish cleantech company SpinDrive raises €3.8M to cut industrial energy waste and pollution with magnetic levitation bearings | Finnish cleantech company SpinDrive raises €3.8M to cut industrial energy waste and pollution with magnetic levitation bearings Wed, Nov 08, 2023 10:00 CET Report this content SpinDrive will use the funds to boost its global growth, helping... |
| 08.11.2023 | Finnish cleantech SpinDrive raises €3.8 million to cut industrial energy waste with magnetic levitation bearings | - |
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