Mag Drive Technologies announced it raised $250,000 in an initial filing from an offering of $1 Million

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MagDrive captures greenhouse gas leaks like Methane and CO2 from industrial valves. Leaking valves cost oil and gas producers billions of dollars in fines, product loss, and mitigation expenses every year. MagDrive's magnetic actuation valve drive solves this problem at the source. With our roots in NASA projects working to contain cryogenic helium for space flight, MagDrive is on a mission to bring magnetically actuated valves to the universe. The dangerous problem of fugitive emissions from valve stems has finally been solved.