SpinDrive: Funding, Investors & Team (Sep 2026)
SpinDrive offers design, prototyping, and production services for active magnetic bearings (AMBs) to manufacturers of original equipment. By using SpinDrive's technology, energy losses in the machinery are cut in half. This results in a reduction of 200 tons of CO2 emissions per year, equivalent to burning 2,000 barrels of oil, and allows for a payback time of 2 years for a 500-kW unit. The active magnetic bearing eliminates mechanical friction by levitating the rotating part of the machinery, enabling maintenance-free operations for up to 20 years. SpinDrive's solution is oil-free, enabling OEM customers to enter environmentally friendly markets. Additionally, it helps customers increase the efficiency of their systems, reduce material usage, and minimize maintenance costs. Ultimately, SpinDrive lowers the overall lifecycle costs of the customer's equipment by 35%.
SpinDrive has raised $4.1M across 2 funding rounds on record, the most recent an undisclosed round announced in Oct 2025.
SpinDrive Company Profile and Key Stats
Latest funding round on record: Oct 2025.
SpinDrive Funding Rounds
1 of 2 rounds was announced without a disclosed amount and is excluded from the total.
SpinDrive raised $4.1M in a Series A announced in Nov 2023.
1.9 years later, an undisclosed round was announced in Oct 2025 with no disclosed amount.
SpinDrive Founders and Leadership Team
No contact details are on record for this team yet.
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SpinDrive Funding FAQs
What does SpinDrive do?
SpinDrive offers design, prototyping, and production services for active magnetic bearings (AMBs) to manufacturers of original equipment. By using SpinDrive's technology, energy losses in the machinery are cut in half. This results in a reduction of 200 tons of CO2 emissions per year, equivalent to burning 2,000 barrels of oil, and allows for a payback time of 2 years for a 500-kW unit. The active magnetic bearing eliminates mechanical friction by levitating the rotating part of the machinery, enabling maintenance-free operations for up to 20 years. SpinDrive's solution is oil-free, enabling OEM customers to enter environmentally friendly markets. Additionally, it helps customers increase the efficiency of their systems, reduce material usage, and minimize maintenance costs. Ultimately, SpinDrive lowers the overall lifecycle costs of the customer's equipment by 35%.
How much funding has SpinDrive raised?
SpinDrive has raised $4.1M across 2 rounds on record.
When did SpinDrive last raise funding?
SpinDrive's most recent funding round on record was announced in Oct 2025. The amount was not disclosed.
Who is the CEO of SpinDrive?
Janne Heikkinen is listed as CEO at SpinDrive.
Where is SpinDrive headquartered?
SpinDrive is based in Lappeenranta, Southern Finland, Finland.
How many employees does SpinDrive have?
SpinDrive is in the 11-50 employee band.
About FundedIQ's SpinDrive 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 SpinDrive is left off this page rather than filled in.
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