Flux Drive Obtains $500,000 New Financing Round

  • Feed Type
  • Date
    10/3/2012
  • Company Name
    Flux Drive
  • Mailing Address
    14209 29th Street East Sumner, WA 98390
  • Company Description
    Founded in 2003, Flux Drive has focused its development effort on building an alternative to the electrical variable frequency drive (VFD). Specifically, the founders wanted to solve vibration and reduce the peripheral cost associated with the running and maintenance of adjustable speed drives that are used in the maritime environment today. The result of that effort is the Flux Drive soft-torque transfer technology.
  • Website
    http://www.fluxdrive.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed. SEC regulatory filing.
  • M&A Terms
  • Venture Investor
    Undisclosed