About SpinDrive
SpinDrive is a company based in Lappeenranta (Finland) founded in 2015 by Janne Heikkinen, Alexander Smirnov, Teemu Sillanpaa, and Nikita Uzhegov.. SpinDrive has raised $5.93 million across 7 funding rounds from investors including European Union, ARCTIC15 and Rhapsody Venture Partners. SpinDrive offers products and services including Magma® Magnetic Bearing System and AMB Calculator Tool. SpinDrive operates in a competitive market with competitors including Synchrony and Bently Bearings, among others.
- Headquarter Lappeenranta, Finland
- Founders Janne Heikkinen, Alexander Smirnov, Teemu Sillanpaa, Nikita Uzhegov
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Spindrive Oy
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.93 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
European Union
& 7 more
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Employee Count
Employee Count
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Products & Services of SpinDrive
SpinDrive offers a comprehensive portfolio of products and services, including Magma® Magnetic Bearing System and AMB Calculator Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides maintenance-free bearings for high-speed machinery applications
Tool for calculating and optimizing magnetic bearing systems
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Funding Insights of SpinDrive
SpinDrive has successfully raised a total of $5.93M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Last Round
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2025 | Amount | Series A - SpinDrive | Valuation | Rhapsody Venture Partners , Innovestor |
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| Nov, 2023 | Amount | Series A - SpinDrive | Valuation | Rhapsody Venture Partners | |
| Oct, 2021 | Amount | Seed - SpinDrive | Valuation | Innovestor |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SpinDrive
SpinDrive has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, ARCTIC15 and Rhapsody Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage tech & life sciences focused VC firm investing in geographies such as the US
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Founded Year | Domain | Location | |
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Venture capital investment in early-stage technology, life science, and Health startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SpinDrive
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SpinDrive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spindrive Comparisons
Competitors of SpinDrive
SpinDrive operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Synchrony and Bently Bearings, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Synchrony is engaged in providing credit cards and banking services.
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| domain | founded_year | HQ Location |
Externally pressurized porous gas bearings are manufactured for rotating equipment.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spindrive
Frequently Asked Questions about SpinDrive
When was SpinDrive founded?
SpinDrive was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is SpinDrive located?
SpinDrive is headquartered in Lappeenranta, Finland. It is registered at Lappeenranta, Etela-karjala, Finland.
Who is the current CEO of SpinDrive?
Janne Heikkinen is the current CEO of SpinDrive. They have also founded this company.
Is SpinDrive a funded company?
SpinDrive is a funded company, having raised a total of $5.93M across 7 funding rounds to date. The company's 1st funding round was a Seed of $1.86M, raised on May 17, 2018.
What does SpinDrive do?
SpinDrive was founded in 2015 and is based in Lappeenranta, Finland. Active magnetic bearings are designed, prototyped, and manufactured in series by the company. Expertise is maintained in high-speed drivetrains, control electronics, power electronics, sensors, and actuators. Operations focus on engineering solutions for industrial applications, with co-founders including Janne Heikkinen as CEO, Alexander Smirnov as CTO, Teemu Sillanpaa, and Nikita Uzhegov as COO.
Who are the top competitors of SpinDrive?
SpinDrive's top competitors include Synchrony and Bently Bearings.
What products or services does SpinDrive offer?
SpinDrive offers Magma® Magnetic Bearing System and AMB Calculator Tool.
Who are SpinDrive's investors?
SpinDrive has 8 investors. Key investors include European Union, ARCTIC15, Rhapsody Venture Partners, Born2Grow, and Innovestor.
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