SpinDrive, a Finnish pioneer in active magnetic bearing (AMB) systems, has secured new growth funding to accelerate the global adoption of its friction-free bearing technology. The company’s solutions enable industrial users and OEMs to significantly improve energy efficiency, enhance productivity, and reduce emissions and maintenance costs by eliminating the need for oil-based lubricants.
The fresh investment will support SpinDrive’s expansion in the U.S., strengthen customer service capabilities, and fund the launch of the new Magma X100 controller line. The round was co-led by existing investors Rhapsody Venture Partners (U.S.) and Innovestor (Finland).
This funding milestone follows a period of strong growth, with SpinDrive’s Magma X800 systems already deployed across Germany, France, Finland, the U.S., and other key markets. CEO Janne Heikkinen said, “In just two years, we’ve expanded our customer base to major global manufacturers. The Magma X100 will make AMB technology accessible to new applications through its compact design and lower cost, opening doors to industries where such technology was previously out of reach.”
Conventional bearings rely on mechanical contact and lubrication, leading to friction, wear, and energy loss—key inefficiencies that affect electric motors used in compressors, pumps, and turbines. SpinDrive’s magnetic levitation bearings suspend rotating components without physical contact, allowing maintenance-free operation for over two decades while improving energy efficiency and reducing operating expenses by more than 80%. A notable example includes a RunEco EP Turbo Blower installed at a Turkish paper mill in collaboration with Runtech Systems, achieving over 50% energy savings—equivalent to one kiloton of CO₂ reduction per machine annually.
Building on growing US demand, SpinDrive plans to open a North American office in 2026 to better serve regional customers in industrial cooling, heat pumps, wastewater management, and semiconductor manufacturing—sectors where performance and energy efficiency are paramount. The upcoming Magma X100 extends SpinDrive’s technology to ultra-high-speed machinery below 100 kW, offering compact and cost-effective magnetic bearing systems developed with European Commission support. Operating within the €120 billion global bearing market, SpinDrive’s long-term goal is to help reduce global CO₂ emissions by 500 megatonnes annually by 2050 through its sustainable, frictionless solutions.
