Finnish cleantech company SpinDrive has raised 1.6 M€ in pre-Series A funding round. SpinDrive improves the energy efficiency of industrial processes by providing active magnetic bearings to equipment manufacturers easily and affordably. Magnetic bearings are digital bearings that enable to reach the highest possible rotational speed and completely eliminate friction. SpinDrive solution reduces rotating equipment lifecycle costs by 35%.
SDGx participates in the AU$3.7 million pre-Series A funding round of Sicona Battery Technologies, a groundbreaking battery materials technology company.
Nobel Peace Prize Laureate, Professor Muhammad Yunus (founder) and Dr. Faiz Shah (director) of the Yunus Center at the Asian Institute of Technology, are establishing a social business deep technology research lab in partnership with deep tech research, consulting, and investment group, SDGx.