MagDrive Technologies: Funding, Investors & Team (Oct 2026)
MagDrive Technologies is a valve drive system powered by magnets that can generate torque. It was established in 2022 and is based in Bozeman, Montana, in the United States.
MagDrive Technologies has raised $2.0M across 1 funding round on record, the most recent a Seed of $2.0M announced in May 2024.
That round is below the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
MagDrive Technologies Company Profile and Key Stats
Latest funding round on record: May 2024.
MagDrive Technologies Funding Rounds
MagDrive Technologies Founders and Leadership Team
Contact details for the MagDrive Technologies team: 1 of 1 has an email address on file.
Start 14-day free trial →MagDrive Technologies Funding Compared to Other Energy Startups
MagDrive Technologies' latest round of $2.0M is below the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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MagDrive Technologies Funding FAQs
What does MagDrive Technologies do?
MagDrive Technologies is a valve drive system powered by magnets that can generate torque. It was established in 2022 and is based in Bozeman, Montana, in the United States.
How much funding has MagDrive Technologies raised?
MagDrive Technologies has raised $2.0M across 1 round on record. The most recent is a Seed of $2.0M announced in May 2024.
When did MagDrive Technologies last raise funding?
MagDrive Technologies' most recent funding round on record is a Seed of $2.0M, announced in May 2024.
Who founded MagDrive Technologies?
FundedIQ lists Pete Strom (Founder) at MagDrive Technologies.
Where is MagDrive Technologies headquartered?
MagDrive Technologies is based in Bozeman, Montana, United States.
How many employees does MagDrive Technologies have?
MagDrive Technologies is in the 1-10 employee band.
How does MagDrive Technologies' funding compare to other Energy startups?
MagDrive Technologies' latest round of $2.0M is below the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's MagDrive Technologies Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for MagDrive Technologies is left off this page rather than filled in.
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