SUNNYVALE, CA, Turntide Technologies today announced the completion of $225 million in convertible note financing.
Turntide Technologies, ("Turntide") the company responsible for the Smart Motor SystemTM, today announced the completion of $225 million in convertible note financing, with investments from Canada Pension Plan Investment Board (CPP Investments), Monashee Investment Management LLC, and JLL Spark, the strategic investment arm of commercial real estate services firm JLL. Additional investors include Breakthrough Energy Ventures, Captain Planet LP, and Suvretta Capital Management LLC. This investment brings Turntide's total funding to $400 million.
Turntide Technologies develops breakthrough sustainability technologies that drive down energy consumption and operating costs in buildings, agriculture, and electric transport, creating a path to 100% renewable energy and business sustainability. The Turntide Smart Motor System is driven by a patented Turntide Optimal Efficiency Motor with intelligent automation and cloud connectivity. The Turntide technology advances sustainability goals, saves money, and improves sustainability throughout the enterprise.
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