Turntide Technologies is a technology company.
Turntide Technologies has raised $169.0M across 4 funding rounds.
Turntide Technologies has raised $169.0M in total across 4 funding rounds.
Turntide Technologies has raised $169.0M in total across 4 funding rounds.
Turntide Technologies's investors include Breakthrough Energy Ventures, Prithvi Ventures, 10100, Bain Capital, Bedrock Capital, Bryce Hall, C2 Investment, CapitalX, Chemistry VC, Convective Capital, Daffy, Dylan Field.
Turntide Technologies is a technology company specializing in the design and manufacture of electric motors, power electronics, energy storage, and thermal management solutions to drive electrification across industries.[1][2][4] Its products, including axial flux motors, modular energy storage systems, and Smart Motor Systems™, serve sectors like construction, mining, agriculture, automotive, rail, marine, recreational vehicles, industrial equipment, urban transport, and commercial buildings, solving energy inefficiency by reducing consumption by over 50% through patented, highly efficient hardware and software.[3][4][5] The company targets decarbonization, powering electrification in anything that moves while optimizing performance, reliability, and efficiency without requiring costly platform overhauls, with strong growth evidenced by recent customer wins, new offices (e.g., India), and high-profile demos like SEMA 2025.[4][6]
Founded in 2013 as Software Motor Corporation (SMC) in Alpharetta, Georgia (now Atlanta), Turntide Technologies—formerly Software Motor Company—rebranded to its current name in July 2020.[1][2][4] Key early moves included entering agriculture in 2018 via a partnership with VES for DairyBOS (Dairy Barn Operating System), followed by full acquisition of VES in October 2020 and merger with Artex Barn Solutions for intelligent barn systems.[2] Pivotal expansion into EVs came in 2021 with acquisitions of BorgWarner's Gateshead drivetrain division, Hyperdrive (batteries), and AVID Technology (EV controls), alongside building automation firm Riptide.[2] Funding milestones featured Amazon's Climate Pledge Fund investment in 2020, followed by 2021 raises from Breakthrough Energy Ventures (Bill Gates), FootPrint Coalition (Robert Downey Jr.), Fifth Wall, Keyframe Capital, and Future Shape (Tony Fadell).[2] Awards like the 2020 Gold Edison Award, Product of the Year from Environmental and Energy Leader, and Fast Company's 2021 Most Innovative Company in Energy marked early traction.[2]
Turntide rides the global electrification and decarbonization megatrend, targeting the inefficient $100B electric motor market amid rising demand for EVs, sustainable industrial equipment, and net-zero buildings.[3][4] Timing aligns with regulatory pushes (e.g., climate pledges), supply chain shifts to efficient components, and market forces like EV adoption in automotive/off-highway, urban mobility, and rail, where its gearbox-free, high-torque motors enable lighter, cheaper vehicles.[1][2][5][6] By replacing legacy motors with optimal systems, Turntide influences the ecosystem through acquisitions expanding into barns, drivetrains, and controls, plus investor networks accelerating OEM integrations and reducing emissions in hard-to-abate sectors like construction, agriculture, and marine.[2][4][5]
Turntide is poised for accelerated growth through record customer adoption, new facilities like its India Centre of Excellence, and deepened EV/off-highway penetration via axial flux innovations and partnerships.[4][6] Trends like AI-optimized energy systems, hybrid propulsion, and building decarbonization will shape its path, potentially capturing more of the electrification stack as OEMs prioritize modular efficiency. Its influence may evolve from component supplier to full-system integrator, amplifying impact in a climate-focused economy—echoing its mission to make every watt count by revolutionizing how the world moves cleaner and smarter.[3][4]
Turntide Technologies has raised $169.0M across 4 funding rounds. Most recently, it raised $80.0M Venture Round in March 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2021 | $80.0M Venture Round | Breakthrough Energy Ventures, Prithvi Ventures, 10100, Bain Capital, Bedrock Capital, Bryce Hall, C2 Investment, CapitalX, Chemistry VC, Convective Capital, Daffy, Dylan Field, Emergent Ventures, Evan Moore, Fifth Wall, GE Ventures, Griffin Johnson, JLL Spark, Jonathan Wasserstrum, Kepler Operator’s Fund, Kevin Hartz, Moshe Lifschitz, OGCI Climate Investments (CI), Rachel Slaybaugh, Ravelin Capital, REMUS Capital, Sam Altman, Shrug Capital, Siqi Chen, Soma Capital, Starship Ventures, Vibe Capital, Zach Segal | |
| Sep 1, 2020 | $33.0M Series B | Future Shape, Granite Asia | |
| Jan 1, 2020 | $25.0M Series B | Breakthrough Energy Ventures, Rachel Slaybaugh, Fifth Wall | |
| Jun 1, 2019 | $31.0M Series A | Adverb Ventures, Chloe Sladden, C2 Investment, Catapult Capital, Commerce Ventures, Expa, Greylock, Innovation Endeavors, Kleiner Perkins, Quiet Capital, Softbank Group, Thrive Capital, Aaron Levie, Jim Pitkow, Marc Benioff |