Existing investor JLL Spark backed electric motor producer Turntide Technologies in a convertible note round which took its overall funding to $400m.
US-based electric motor technology producer Turntide Technologies closed $225m in convertible note financing yesterday from a pool of investors including JLL Spark, an investment subsidiary of real estate manager JLL.
The round also featured Canada Pension Plan Investment Board, Monashee Investment Management, Breakthrough Energy Ventures, Captain Planet and Suvretta Capital Management.
Turntide, which previously operated as Software Motor Company, produces electric motors equipped with switched reluctance technology, intelligent automation and cloud connectivity that it claims are more cost-effective and energy-efficient…
