LAPPEENRANTA, Finland, Oct 28, 2025 – SpinDrive has raised new growth funding to expand its frictionless machinery technology for industrial use. The company develops magnetic bearing systems that help original equipment manufacturers (OEMs) improve energy efficiency, increase productivity, and reduce emissions. Its oil-free design lowers maintenance costs and eliminates pollution from lubricants.
The funding will help SpinDrive expand its U.S. operations and support for its customer base. The company will also launch Magma X100 magnetic bearing controller product line. The round was led by Rhapsody Venture Partners in the United States and Innovestor in Finland. The funding follows SpinDrive’s deployments of its Magma X800 systems with customers in Germany, France, the United States, Finland, and other markets.
“In the past two years, we’ve significantly increased our customer base to include several multi-billion-dollar companies with stringent requirements. This growth capital allows us to accelerate further our build-up of sales and customer services. Alongside, we’re excited to introduce Magma X100 to the market. Magma X100 brings the benefits of AMBs to applications for which there has been no technical solution to date. Our new product is small in form factor and a fraction of the cost of existing AMB systems. We believe the benefits of AMBs will revolutionize a broad new set of appliances and machinery,” said Janne Heikkinen, CEO of SpinDrive.
SpinDrive’s magnetic levitation bearings remove friction by suspending rotating parts without contact. This design removes oil-based lubricants and provides maintenance-free operation. The system includes built-in condition monitoring, removing the need for external sensors and lowering maintenance costs by more than 80% compared to conventional bearings, which often need replacement every 12-18 months in high-speed applications.
A case demonstrating SpinDrive’s impact is a paper mill in Turkey operated with the equipment provided by Runtech Systems, where a RunEco EP Turbo blower with SpinDrive’s controller has delivered over 50% energy savings on a 1 MW unit, equivalent to nearly one kiloton of CO₂ mitigation per machine per year.
“Integrating SpinDrive’s active magnetic bearing controller has resulted in a major leap forward in sustainable production in the paper mills of our customers,” said Ville Lahdensuo, business director at Runtech Systems. “We’ve seen exceptional energy efficiency and reliability from the solution in continuous operation. What’s more, we’ve been able to make significant savings by reducing costs from maintenance.”
SpinDrive has expanded its U.S. presence through both direct customers and European OEM partners. Its technology is used in industrial cooling, heat pumps, wastewater management, and semiconductor manufacturing – sectors where energy efficiency is mandatory. To support this growth, the company plans to open a U.S. office in 2026 to provide on-site support and strengthen partnerships with North American manufacturers.
The upcoming Magma X100 launch expands SpinDrive’s magnetic bearing technology to machines with outputs below 100 kW. Developed with support from the European Commission, the product has received commercial orders.
The global bearing market is valued at about €120 billion. SpinDrive focuses on high-speed rotating equipment, where its frictionless systems improve performance and energy efficiency. The company aims for its technology to help mitigate 500 megatons of CO₂ emissions annually by 2050.
Source: SpinDrive
About SpinDrive
SpinDrive, headquartered in Lappeenranta, Finland, develops active magnetic bearing (AMB) systems that replace mechanical bearings to reduce friction in high-speed machinery. Founded in 2015, the company commercializes magnetic levitation solutions for industrial applications such as turbomachinery, flywheel energy storage, hydrogen power, and process equipment. Its AMB technology improves energy efficiency, enables condition monitoring, and reduces maintenance costs. Backed by more than 35 years of research, SpinDrive provides AMB systems with controllers and actuators tailored to OEM requirements. The company aims to advance magnetic bearing technology with IoT-based monitoring, helping industries cut CO₂ emissions and eliminate lubricants from production. SpinDrive operates in Finland and Germany, serving customers in the United States, the UK, Germany, Denmark, France, Italy, Spain.