Flux Drive Receives $600,000 New Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cd261421-e9fc-48b7-933a-30c81880481b
Date
8/9/2013
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.
Website
http://www.fluxdrive.com
Transaction Type
Venture Equity
Transaction Amount
$600,000
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds purposes were not disclosed. SEC regulatory filing. Not a solicitation.
M&A Terms
Venture Investor
Undisclosed