Bill Gates and ‘Iron Man’ team up to fund this energy start-up

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You are reading Entrepreneur United States, an international Entrepreneur Media franchise. This story originally appeared on Alto Nivel

Rotation technologies is a Silicon Valley electric motor remodeling company for the 21st century, and claims to have raised $ 80 million in funding by Breakthrough Energy Ventures , a cleantech fund created by Bill Gates, the co-founder of Microsoft.

Via Alto Nivel

Moreover, this startup is joined by another billionaire in tech, but in science fiction: it is actor Robert Downey Jr., known for playing Tony Stark (Iron Man) in the Marvel films.

Motors consume half of the world’s electricity, powering everything from fans and electric vehicles, to pumps and industrial machinery. Making them more efficient could go a long way in reducing greenhouse gas emissions that warm the planet.

This is the goal of the startup Rotation technologies , which marketed a new type of electric motor. The company said on Wednesday that several investors participated in its $ 80 million raise, including funds led by Microsoft Founder Bill Gates and famous Iron Man actor Robert Downey Jr ; with the co-creator of the iPhone Tony Fadell. As good as Amazon Climate Pledge, Fifth Wall, Keyframe Capital, and Planet LP, among others.

Electric motors transform electricity into motion through the use of electromagnets to generate magnetic fields.

Turning focuses on a market niche, in which it seeks to replace old electric motors in the ventilation systems in large buildings. The cost savings resulting from reduced electricity consumption means you could generate a return on your investment in as little as three years. At the end of last year, Turning had replaced 5,000 of these engines and aims to complete 50,000 by 2021.

With the above in mind, Turning explores the applications of its motors in pumps and compressors. Ultimately, the company’s largest market will likely be electric cars, although the performance demanded by electric vehicles in cars will take more years of development.


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