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This Amazon-backed startup is trying to save the planet one motor at a time

April 5, 2021. Summarized by summa-bot.

Compression ratio: 20.8%. 1 min read.

Turntide Technologies is on a mission to save the planet, one motor at a time.

"We're trying to build a huge, world-changing and impactful company that will be up there with the greats," Turntide CEO Ryan Morris told CNN Business.

Some of those greats are throwing their weight behind Turntide: The startup recently announced an $80 million investment led by Breakthrough Energy Ventures, the Gates-led fund aiming to help the planet reach zero carbon emissions through innovation.

Turntide says companies that retrofitted their old motors with its smart motor have reduced their heating and cooling motor energy consumption by an average of 64%.

Beyond deploying Turntide's smart motor system in its own facilities, it also invested in the startup through the Amazon Climate Pledge Fund.

"Amazon is uniquely positioned to help companies like Turntide Technologies overcome challenges to growth not only through Climate Pledge Fund investments, but also by becoming a customer," Matt Peterson, the fund's director of corporate development new initiatives, said in an email.

Morris, the Turntide CEO, said it's been "pretty awesome" to receive the backing of prominent investors like Gates, Amazon and Downey's Footprint Coalition Ventures.

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