Cleantech startup Flux Drive has raised $1.5 million to develop its energy-saving magnetic drives for electric motors. The company, based in Sumner, WA, says it can cut the daily energy consumption of pump and blower motors by up to 75 percent. Flux Drive’s product attaches to electric motors, like the ones that power big ventilation systems, and uses a magnetic system to speed them up or down depending on how much output is needed. The investment was led by Northwest Energy Angels and the Alliance of Angels.
Author: Curt Woodward
Curt covered technology and innovation in the Boston area for Xconomy. He previously worked in Xconomy’s Seattle bureau and continued some coverage of Seattle-area tech companies, including Amazon and Microsoft.
Curt joined Xconomy in February 2011 after nearly nine years with The Associated Press, the world's largest news organization. He worked in three states and covered a wide variety of beats for the AP, including business, law, politics, government, and general mayhem.
A native Washingtonian, Curt earned a bachelor's degree in journalism from Western Washington University in Bellingham, WA. As a past president of the state's Capitol Correspondents Association, he led efforts to expand statehouse press credentialing to online news outlets for the first time.
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