Posts Tagged: Turntide Technologies

Turntide Technologies acquires AVID Technology, raises $225 million in financing

Turntide Technologies has acquired UK-based AVID Technology, a cleantech engineering firm that manufactures electrified powertrain components for EVs and hybrids. Turntide’s Smart Motor System may reduce energy consumption by nearly 64%, and is free of the rare earth minerals that most higher-efficiency permanent magnet motors require. The company has been on an expansion spree lately,… Read more »