SpinDrive
SpinDrive designs and manufactures active magnetic bearing (AMB) systems and proprietary Magma controllers that enable oil-free, frictionless operation of industrial rotating machinery such as turbo blowers, motors, and flywheels, selling custom-engineered systems and services to industrial OEMs and end users.
- Company typePrivate
- Founded2015
- HeadquartersLappeenranta, Finland
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What SpinDrive does
SpinDrive Oy, founded in 2015 and headquartered in Lappeenranta, Finland, designs and manufactures active magnetic bearing (AMB) systems that levitate rotating shafts using electromagnetic forces, eliminating physical contact and the need for oil-based lubrication. Its portfolio centers on two proprietary controllers — the established Magma X800 for higher-power industrial machinery and the newly launched Magma X100 targeting sub-100 kW ultra-high-speed machines — combined with custom-designed magnetic actuators, sensors, safety bearings, and built-in IoT condition monitoring that replaces external sensors. The technology enables frictionless operation at speeds above 100,000 RPM, temperatures up to 220°C, and maintenance-free service lives of 20+ years, with claimed energy savings of 15–50% and maintenance cost reductions above 80% versus mechanical bearings.
The company sells custom-engineered AMB systems and commissioning services directly to industrial OEMs and end users across pulp and paper, motors and drives, energy storage, fusion research, and emerging data center cooling applications. Named deployments include Runtech Systems (turbo blowers, since 2016 R&D partnership), Teraloop (kinetic flywheel storage), WEG S.A. (motors, strategic partnership announced 2026), The Switch, Ankutsan, and Brno University of Technology (fusion reactor turbocirculator). SpinDrive operates subsidiaries in Finland and Germany, is opening a US office in 2026, and generates revenue through hardware sales, professional engineering services, and recurring software/monitoring subscriptions under multi-year custom contracts.
SpinDrive firmographics
Firmographics- Name
- SpinDrive
- Legal name
- SpinDrive Oy
- Website
- https://spindrive.fi
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SpinDrive designs and manufactures active magnetic bearing (AMB) systems and proprietary Magma controllers that enable oil-free, frictionless operation of industrial rotating machinery such as turbo blowers, motors, and flywheels, selling custom-engineered systems and services to industrial OEMs and end users.
- Ownership category
- akta.pro rank
SpinDrive industry classification
Industry- Product category
- Active Magnetic Bearing Systems
- NAICS
- Ball and Roller Bearing Manufacturing (332991), Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing (333612)
- SIC
- Motors & Generators (3621), Industrial Instruments For Measurement, Display, And Control (3823)
- akta.pro primary industry
- Spindles & High-Speed Drives (Machine Tool Spindles, High-speed Motors) (IMAGACAL)
- akta.pro secondary industry
- Linear Motion & Mechanical Power Transmission (Ball/roller screws, linear guides, bearings, couplings) (IMAHAGAM)
Keywords
Where SpinDrive is headquartered
LocationHeadquarters
- HQ city
- Lappeenranta
- HQ country
- Finland
- HQ region
- Europe
Offices3 records
Markets served
SpinDrive business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain
Revenue model
- AMB Hardware Systems: Sale of complete active magnetic bearing systems including magnetic actuators, sensors, controllers, and safety bearings. Custom-designed for each customer application. Revenue from direct product sales to industrial OEMs and end users.
- Custom Design & Engineering Services: Feasibility studies, custom AMB design, rotor dynamics analysis, and commissioning support. SpinDrive provides engineering support from initial design through final commissioning, offering flexible engagement models where customers can select which parts they want SpinDrive to coordinate.
- Software & IoT Monitoring: Integrated condition monitoring software as part of the AMB system. Software enables real-time monitoring and predictive maintenance capabilities, adding recurring value to hardware sales.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom AMB system pricing based on application requirements |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels7 records
SpinDrive product offering
Product offeringCore offering
SpinDrive designs and manufactures active magnetic bearing (AMB) systems that use electromagnetic forces to levitate rotating components, enabling frictionless, oil-free operation of industrial machinery such as turbo blowers, compressors, turbines, pumps, and flywheels. The company sells complete AMB systems including its proprietary Magma® X800 and Magma X100 controllers, custom-designed magnetic actuators, sensors, and integrated IoT condition monitoring, supported by feasibility studies, custom engineering, and commissioning services for industrial OEMs and end users.
Product overview
SpinDrive offers a portfolio of active magnetic bearing (AMB) systems centered on two generations of proprietary Magma® controllers: the established X800 and the newer X100 targeting lower-power applications. The core offering includes complete magnetic bearing systems with built-in IoT condition monitoring capabilities, complemented by feasibility study services and an online AMB Calculator Tool. The technology enables frictionless, oil-free operation of industrial rotating machinery including turbo blowers, compressors, turbines, pumps, and flywheels, with claimed energy efficiency improvements of 15-50% and maintenance cost reductions of over 80%.
Differentiator
Problem solved
Functional benefit
Brands
- Magma®: Active magnetic bearing controller product line including Magma X800 and Magma X100 models
Products and services
- Magma® X800 AMB Controller Flagship active magnetic bearing controller for high-speed industrial machinery, with dimensions approximately 400 × 400 × 160 mm. Enables complete oil-free operation, supports speeds over 100,000 RPM, and integrates condition monitoring without external sensors. Designed for industrial OEMs and end users requiring custom AMB solutions.
- Magma X100 AMB Controller Next-generation AMB controller extending technology to ultra-high-speed machines with power requirements under 100 kW. The most compact, cost-effective, and efficient system in SpinDrive's portfolio, targeting new markets and applications previously not served. Developed with support from the European Commission.
- Magnetic Bearing System Complete active magnetic bearing systems providing frictionless operation, maintenance-free performance over 20+ years, integrated condition monitoring, and elimination of oil-based lubrication for industrial rotating machinery. Custom-designed for each customer application across turbo blowers, compressors, turbines, pumps, and flywheels.
- Feasibility Study Service Professional service evaluating technical and operational feasibility of AMB applications. Includes electromagnetic performance analysis, rotor dynamics simulation, and mechanical integration assessment. Typically delivered within approximately four weeks with a comprehensive feasibility report. For industrial customers evaluating AMB adoption.
Quantifiable outcome
- Energy savings of 15-50% in industrial machinery compared to conventional bearings
- +6 more outcomes
Companies that use SpinDrive
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles5 records
SpinDrive technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
SpinDrive partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and notable.
- WEG S.A.coreStrategic partnership announced at Hannover Messe 2026 to integrate SpinDrive's AMB technology and IoT condition monitoring into WEG's electric motor portfolio. The collaboration creates oil-free, maintenance-free drive solutions for high-volume industrial applications. WEG is the world's largest electric motor manufacturer, providing SpinDrive significant market access for compressors, blowers, turbines, and turbomachinery applications. The partnership aims to reduce energy losses, eliminate oil systems, and lower lifecycle emissions.
- Brno University of TechnologynotableResearch partnership for developing high-speed technology for helium Primary Heat Transfer System (PHTS) for fusion reactor. Project funded by Technology Agency of the Czech Republic (TACR). SpinDrive is responsible for development, testing, and supply of AMB system for DEMO fusion reactor project. Consortium partners were suppliers to ITER, the first European fusion reactor.
- Runtech SystemscoreLong-term collaboration integrating SpinDrive's Magma X800 AMB controller into Runtech's RunEco EP 1000 Turbo Blower. Partnership began with LUT University R&D projects in 2016. Runtech is part of Ingersoll Rand (formerly Gardner Denver) and serves the pulp and paper industry. First contract signed at PulPaper 2022.
- TeraloopnotablePartnership to integrate active magnetic bearings into Teraloop's kinetic energy storage flywheel systems. SpinDrive provided optimized radial magnetic bearing and sensor solution for hubless flywheel design. AMB enables frictionless operation in vacuum environment for energy storage applications.
- LUT UniversitynotableInitial R&D projects on active magnetic bearings began at LUT University in 2016. University supported pilot projects that led to commercial partnerships with Runtech and other customers. Company was founded based on technology developed at or with the university.
Scale indicators10 records
Recent moves8 records
Expansion highlights7 records
SpinDrive competitors and assessment
Company assessmentEmerging players
- Teraloop: Finnish kinetic energy storage startup using flywheels; SpinDrive is a current supplier of AMBs to Teraloop. Listed here to highlight an emerging player in a vertical where SpinDrive is a key technology enabler.
Direct peers
- Waukesha Bearings (Dover): Long-established active magnetic bearing manufacturer serving turbomachinery and high-speed rotating equipment. Most directly comparable AMB competitor with industrial OEM customers across similar end markets.
- Calnetix Technologies: Developer of magnetic bearing systems and high-speed motor-generators for turbomachinery, clean energy, and aerospace. Closely comparable in product offering and target OEMs.
- Mecos (KMT/Pruftechnik): Swiss specialist in active magnetic bearings for high-speed machines, including spindles and turbomachinery. Direct competitor with similar custom-engineering, high-RPM focus.
- Levitronix: Swiss manufacturer of magnetic-bearing driven pumps and motors for semiconductor, medical, and industrial applications. Closely comparable in bearingless pump/motor technology and target verticals.
Broad incumbents
- SKF (S2M): Global bearings leader whose S2M brand specializes in active magnetic bearings for turbomachinery. Competes directly with SpinDrive in AMB and brings substantially larger R&D, distribution, and installed base.
- Siemens (Large Drives Applications): Major industrial conglomerate offering high-speed motors, drives, and rotating equipment with magnetic bearing capabilities in its large drives portfolio. Overlaps as a broader incumbent in motors and high-speed machinery.
- Schaeffler: Global automotive and industrial bearings supplier with growing activities in electric mobility and industrial motion. Indirect competitor and potential ecosystem partner for next-generation bearings.
Others
- Baker Hughes (Bently Nevada): Provider of rotating equipment condition monitoring and machinery protection solutions. Relevant adjacent player as SpinDrive's IoT condition monitoring increasingly competes with or complements such offerings.
- Bruel & Kjaer Vibro (HBK): Specialist in vibration monitoring and condition monitoring for rotating machinery. Comparable because SpinDrive's integrated IoT monitoring is increasingly a substitute offering for turbomachinery operators.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
SpinDrive social profiles
Digital presenceSpinDrive compliance and trust
Trust signalCompliance2 records
SpinDrive financial estimates
Financial estimateRevenue estimate
Valuation estimate
SpinDrive leadership team
Management profileNumber of profiles
Profiles5 records
SpinDrive funding detail
Funding detailFunding overview
Funding rounds8 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SpinDrive M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SpinDrive
What does SpinDrive do?
SpinDrive designs and manufactures active magnetic bearing (AMB) systems that use electromagnetic forces to levitate rotating components, enabling frictionless, oil-free operation of industrial machinery such as turbo blowers, compressors, turbines, pumps, and flywheels. The company sells complete AMB systems including its proprietary Magma® X800 and Magma X100 controllers, custom-designed magnetic actuators, sensors, and integrated IoT condition monitoring, supported by feasibility studies, custom engineering, and commissioning services for industrial OEMs and end users.
Is SpinDrive a public or private company?
SpinDrive is a private company. It is classified as venture growth investor backed and is currently operating.
When was SpinDrive founded?
SpinDrive was founded in 2015. It employs 11 to 50 people.
Where is SpinDrive based?
SpinDrive is headquartered in Lappeenranta, Finland, in the Europe region.
How does SpinDrive make money?
Three revenue lines are on record. AMB Hardware Systems are the primary driver. The others are custom Design & Engineering Services and software & IoT Monitoring.
Who are SpinDrive's main competitors?
Teraloop is listed as an emerging player. Direct peers are Waukesha Bearings (Dover), Calnetix Technologies, Mecos (KMT/Pruftechnik) and Levitronix. Broad incumbents are SKF (S2M), Siemens (Large Drives Applications) and Schaeffler. Others are Baker Hughes (Bently Nevada) and Bruel & Kjaer Vibro (HBK).
Does SpinDrive have an API?
No public API is recorded for SpinDrive.
What industry is SpinDrive in?
SpinDrive's product category is Active Magnetic Bearing Systems. Its primary akta.pro industry code is IMAGACAL, Spindles & High-Speed Drives (Machine Tool Spindles, High-speed Motors), with a secondary code of IMAHAGAM, Linear Motion & Mechanical Power Transmission (Ball/roller screws, linear guides, bearings, couplings). Its NAICS code is 332991 and its SIC code is 3621.