SpinDrive Revenue

Machinery Manufacturing • Lappeenranta, South Karelia, Finland • 21-50 Employees

SpinDrive revenue & valuation

Annual revenue	$2,395,540
Revenue per employee	$86,000
Estimated valuation?This valuation is estimated based on industry average for the Machinery Manufacturing industry and current estimated revenues	$7,700,000
Total funding	$6,799,999

Key Contacts at SpinDrive

Nikita Uzhegov

Co-Founder And Coo

Janne Heikkinen

Co-Founder

Ole Martola

Director Of Business Development

Company overview

Headquarters	Lappeenranta, South Karelia, Finland
Phone number	+358400464823
Website	spindrive.fi
NAICS	3327
SIC	356
Keywords	Actuators, Power Electronics, Sensors, Control Electronics, Active Magnetic Bearings, High-Speed Drivetrains
Founded	2015
Employees	21-50
Socials

SpinDrive Email Formats

SpinDrive uses 2 email formats. The most common is {first name}.{last name} (e.g., john.doe@spindrive.fi), used 57.1% of the time.

Format	Example	Percentage
{first name}.{last name}	john.doe@spindrive.fi	57.1%
{first initial}.{last name}	j.doe@spindrive.fi	42.9%

About SpinDrive

SpinDrive provides design, prototyping and serial production of active magnetic bearings (AMBs) for Original Equipment Manufacturers (OEM). SpinDrive reduces energy losses in the machine by half. For a 500-kW unit, this solution mitigates 200 tons of CO2 emissions annually, which is equivalent to 2,000 barrels of oil burnt and enables 2-year payback time. An active magnetic bearing levitates the rotational part of the machine, eliminating mechanical friction. It enables 20 years of maintenance-free operations. SpinDrive solution is completely oil-free, which allows OEM customers to enter rapidly growing markets and ensure alignment with a contaminant-free environmental strategy. We help customers to significantly increase their solutions’ system efficiency, reduce material consumption and minimize maintenance costs. SpinDrive lowers the customer’s equipment lifecycle costs by 35%.

Employees by Management Level

Total employees: 21-50

Seniority

Employees

Entry

Manager

C-Suite

Employees by Department

SpinDrive has 17 employees across 7 departments.

Departments

Number of employees

Funding Data

Explore SpinDrive's funding history, including investment rounds, total capital raised, and key backers.

Funding Date	Round	Amount	Link to Article
2023-12-08	4	$4,099,999
2024-03-28	9	$2,700,000

Funding Insights

$6,799,999

Total funding amount

$2,700,000

Most recent funding amount

Number of funding rounds

SpinDrive Tech Stack

Discover the technologies and tools that power SpinDrive's digital infrastructure, from frameworks to analytics platforms.

SiteGround

Hosting

Gravity Forms

Form builders

jQuery

JavaScript libraries

Nginx

Reverse proxies

PHP

Programming languages

Open Graph

Miscellaneous

Linkedin Sign-in

Authentication

Polylang

Translation

WordPress

Blogs

core-js

JavaScript libraries

Swiper

JavaScript libraries

YouTube

Video players

Frequently asked questions

SpinDrive is located in Lappeenranta, South Karelia, FI.

You can reach SpinDrive at +358400464823.

SpinDrive generates an estimated annual revenue of $2,395,540. This revenue figure reflects the company's market position and business performance in its industry.

SpinDrive has an estimated valuation of $7,700,000. This valuation is calculated based on industry-standard revenue multiples and reflects the company's growth potential and market positioning.

SpinDrive was founded in 2015, making it 11 years old. The company has established itself as a significant player in its industry over this time.

SpinDrive has approximately 21-50 employees. The company continues to grow its workforce to support its business operations and expansion.

SpinDrive has raised a total of $6,799,999 across 2 funding rounds. This investment has helped the company grow and expand its operations.

Key Contacts at SpinDrive

Nikita Uzhegov

Co-Founder And Coo

Janne Heikkinen

Co-Founder

Ole Martola

Director Of Business Development

4.8

40,000 users