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Turntide

Turntide

Private
Sunnyvale, CaliforniaFrontier & Industrial Techhttps://www.turntide.com

Last Round

Series D

Jun 15, 2022

Est. Valuation

$1B

Total Funding Raised

$485.61M

Company Overview

Turntide Technologies is a clean energy company that develops an electric motor system aimed at minimizing electricity consumption and facilitating the shift away from fossil fuels through advanced computing, software control, and IoT connectivity.

Sector

Frontier & Industrial Tech

Verticals

Clean Transportation, Smart Buildings, Energy Storage

Business Model

B2B

Customer Profile

Hardware Sales, Hardware + Subscription, Services & Consulting

AI Layer

Application

Keywords

switched reluctance motorelectric motorsrare earth free motorSRMelectrification platformpower electronicsbattery energy storage systemBESScommercial vehicle electrificationEV powertrainHVAC motorssmart motormotor controllerinverterturnkey electrificationfleet electrificationbattery trainsaxial flux motorHVAC retrofit

Historical Pricing

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Caplight Momentum Score

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Turntide Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Turntide Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series DJun 15, 2022
Convertible DebtJun 30, 2021
Series CMar 3, 2021
Series B ExtensionSep 24, 2020
Series BJan 21, 2020
Series A Extension
Jun 25, 2019

Key People

Founding team and executive leadership

Steven Hornyak

President And CEO

Executive Team

Bruce K. Shibuya

COO VP Global Quality

Executive Team

Turntide Investors

Notable investors and investment history

InvestorRounds
CPP InvestmentsSeries D, Convertible Debt
FootPrint Coalition VenturesSeries C
Climate InvestmentSeries D
SDCL Energy Efficiency Income TrustSeries D
Meson CapitalSeries D, Series A Extension, Series B Extension, Series A
Suvretta Capital ManagementConvertible Debt
JLLSeries D

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 22, 2026

    Expanded axial flux motor portfolio with AF300 and AF400 models.

  • Apr 14, 2026

    Net profit increased 20.48% year-on-year to ₹54.6 crore (~$6.5 million).

Turntide Filings

SEC and related filings with document metadata.

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Turntide Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersSunnyvale, California
Employee Range207
Year Founded2013
Last FundingJun 15, 2022

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Disclaimer All investments involve risk, including the risk of loss of principal. You should carefully consider your investment objectives, risks, transaction costs and other expenses before deciding to invest in options, swaps or other investments.This does not constitute an offer by Caplight Technologies, Inc. to sell, or a solicitation of an offer to buy, any securities and may not be used or relied upon in connection with any offer or sale of securities. An offer or solicitation can be made only through the delivery of final offering document(s) and purchase agreement(s), and will be subject to the terms and conditions and risks delivered in such documents. Any securities offered are offered through Caplight Markets LLC, member FINRA/SIPC.