Turntide Technologies (Turntide), a developer of breakthrough electrification and sustainable operations technologies, has secured $80 million in equity funding, valuing the company at over $1 billion, making it one of a handful of climate tech companies to achieve unicorn status in the first half of 2022.

The fresh funds will also go towards Turntide Transport’s goal of creating a “one-stop powertrain platform that includes battery pack, power electronics, motor, and connected intelligence,” according to the company. The company says its so-called “Smart Motor System” reduces energy consumption by nearly 64%, and will address the need for sustainably electrifying more challenging markets than passenger vehicles, where most of the progress has been made to date.

Turntide Technologies Exceeds $1Bn Valuation Following $80M Funding Round Round Led By Ogci Ci And Seeit

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Turntide Technologies Exceeds $1Bn Valuation Following $80M Funding Round Round Led By Ogci Ci And Seeit

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