NovaTorque
Fremont · Founded 2005
About NovaTorque
Electric motors account for 45% of global electricity consumption, and two thirds of power used in industry. But electric motors haven't evolved in decades, there's no room for further innovation, right? Wrong. In a way that only an outsider to the industry could have dreamed up, NovaTorque has disrupted the design of the electric motor to bring to market a motor that is both less expensive upfront as well as more efficient to operate. In the industrial markets NovaTorque targets, this combination is of enormous interest. The companys motor achieves this with the added advantage of being more compact than comparable state-of-the-art motors and not requiring the use of expensive rare earth magnets.
Company Facts
- Founded: 2005
- Legal name: NovaTorque, Inc
- Operating status: Closed
- Company type: For Profit
- IPO status: Private
- Employees: 11 – 50
- Estimated revenue: $1K – $10K
- Total funding: $37.0M
- Funding stage: M&A
- Last round: Series Unknown (Feb 2013)
- Website: regalbeloit.com
- Phone: +115109332700
Social Profiles
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