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Turntide Technologies Raises $80M With Investments From Breakthrough Energy Ventures And Robert Downey Jr.'s FootPrint Coalition Ventures

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SUNNYVALE, Calif., March 3, 2021 /PRNewswire/
Turntide Technologies ( Turntide ), the company responsible for the Smart Motor System™ and the Optimal Efficiency Motor™ with digital DNA, today announced the completion of an $80 million funding round, bringing the company s total funding to date to $180 million. The round was led by Breakthrough Energy Ventures and includes investments from Robert Downey Jr. s FootPrint Coalition Ventures, the Amazon Climate Pledge Fund, Keyframe Capital, Fifth Wall s Climate Technology Fund and Captain Planet LP.
The electric motors powering our world today account for half of global electricity consumption - more than lighting, heating, and electronics combined. As our climate changes and economy grows, the global demand for electric motors will continue to rise. With this new funding, Turntide plans to expand development and production of its Smart Motor System to meet growing demand and extend it into new ....

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Turntide Technologies Raises $80M With Investments From Breakthrough Energy Ventures And Robert Downey Jr.'s FootPrint Coalition Ventures

Turntide Technologies Raises $80M With Investments From Breakthrough Energy Ventures And Robert Downey Jr.'s FootPrint Coalition Ventures
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Robert Downey Jr launches venture funds to invest in sustainable technologies

Robert Downey Jr launches venture funds to invest in sustainable technologies
They are part of Footprint Coalition, a project announced by the Iron Man and Avengers star in 2019, which also includes a non-profit arm that supports early scientific research
Image: Tinseltown/Shutterstock
Actor and producer Robert Downey Jr. has announced the launch of venture funds focused on investing in technologies that are addressing the world’s largest environmental challenges such as climate change.
The Footprint Coalition Ventures will initially comprise of two funds – one for early-stage and the other for late-stage investments, with six investment areas of focus: sustainability-focused consumer products and services; food and agriculture technology; materials and industrial technology; energy and transportation; education and media; and advanced environmental solutions. ....

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Robert Downey Jr To Fund Groundbreaking Technologies That Will Help Fight Environmental Issues

Robert Downey Jr To Fund Groundbreaking Technologies That Will Help Fight Environmental Issues
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Robert Downey Jr. Launches Accelerator for Sustainable Tech

Los Angeles, CA, - Producer, actor and investor Robert Downey Jr. announced the launch of ESG-focused FootPrint Coalition Ventures, a series of ambitious, rolling venture capital funds focused on sustainable technology, while participating in World Economic Forum (WEF) Digital Davos Agenda on a High Level Panel. FootPrint Coalition Ventures’ mission is to accelerate groundbreaking technologies that are addressing the world’s largest environmental challenges.
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Having spent the last 18 months in dialogue with scientists, engineers and technologists, I now have a firm grasp of the obvious: this global existential threat is not something that s going to be solved by a smattering of elite mega-corporations. I think that paradigm must be smashed in favor of innovation by a broad set of new companies. ....

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