Turntide Technologies

Energy

Founded: 2013

Last Round Valuation: $1.6B

Turntide Technologies specializes in manufacturing equipment and software aimed at reducing carbon emissions in industries that consume substantial amounts of energy, such as transportation, agriculture, and buildings. Their product lineup comprises the innovative Smart Motor SystemTM and the Turntide Intelligent BarnTM. The company, previously known as Software Motor, was established in 2013 by Piyush Desai, Mark Johnston, and Trevor Creary. It is headquartered in Sunnyvale, CA.

Turntide Technologies Overview:

Turntide Technologies is a pioneering company dedicated to developing cutting-edge equipment and software solutions aimed at decarbonizing industries with significant energy expenditures. By focusing on sectors like transportation, agriculture, and buildings, Turntide Technologies aims to drive sustainability and combat climate change through innovative technology.

The cornerstone of Turntide Technologies' offerings is the Smart Motor SystemTM, a revolutionary motor system that brings intelligence and efficiency to a wide range of applications. This advanced system utilizes state-of-the-art controls, optimization algorithms, and smart technology to deliver superior performance while reducing energy consumption compared to traditional motors. The Smart Motor SystemTM enables industries to achieve substantial energy savings and reduce their carbon footprint, making significant strides towards a greener and more sustainable future.

Another notable solution offered by Turntide Technologies is the Turntide Intelligent BarnTM, specifically designed for the agricultural sector. This cutting-edge technology integrates intelligent features to optimize barn operations and enhance energy efficiency. By intelligently managing key aspects such as ventilation, lighting, and infrastructure, the Turntide Intelligent BarnTM aims to minimize energy consumption and promote sustainable practices within the agriculture industry.

Founded in 2013 under the name Software Motor, Turntide Technologies has evolved to align its mission with the urgent need to address energy challenges and combat climate change. The company was established by a team of visionary founders, including Piyush Desai, Mark Johnston, and Trevor Creary, who recognized the significant impact that innovative technology can have in achieving a more sustainable future.

Headquartered in Sunnyvale, CA, Turntide Technologies operates at the forefront of the decarbonization movement. The company's focus on industries with substantial energy expenditures positions it as a key player in the global effort to reduce greenhouse gas emissions and promote sustainable practices. By providing advanced equipment and software solutions, Turntide Technologies empowers industries to transition towards more energy-efficient and environmentally friendly operations.

Turntide Technologies stands as a beacon of innovation in the pursuit of decarbonization. With its dedication to developing transformative technologies, the company is instrumental in driving change across transportation, agriculture, and building sectors. Through its Smart Motor SystemTM, Turntide Intelligent BarnTM, and other groundbreaking solutions, Turntide Technologies is paving the way for a cleaner, more sustainable future.

Founders:

  • Piyush Desai

  • Mark Johnston

  • Trevor Creary.

Top Investors:

  • OGCI Climate Investments

  • SDCL Energy Efficiency Income Trust

  • Fifth Wall

  • Breakthrough Energy Ventures

  • FootPrint Coalition Ventures

  • Amazon Climate Pledge Fund

  • Meson Capital

  • BMW iVentures

  • JLL Spark

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
Jun 2022 Series C $296.47MM $485MM $4.28 $1.6B OGCI Climate Investments, SDCL Energy Efficiency Income Trust, Fifth Wall
Mar 2021 Series B $80MM $188.53MM $1.00 $330.34MM Breakthrough Energy Ventures, FootPrint Coalition Ventures, Amazon Climate Pledge Fund
Sep 2020 Series A-3 $58.68MM $108.53MM $0.71 $185.27MM Amazon Climate Pledge Fund, Meson Capital, BMW iVentures
Jun 2019 Series A-2 $32.63MM $49.85MM $0.66 $88.19MM JLL Spark, Meson Capital
Oct 2017 Series A-1 $16.47MM $17.22MM $0.52 $49MM Undisclosed Investors
Dec 2014 Series A $750K $750K $0.13 $2.5MM Undisclosed Investors

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