Linear Labs closes $4.5 million seed round
Linear Labs, a developer of electric motors, announced the successful closing of a $4.5 million seed round led by Science Inc. and Kindred Ventures with participation from investors Chris and Crystal Sacca, Ryan Graves of Saltwater Ventures, Dynamic Signal CEO Russ Fradin, Masergy Executive Chairman and former CEO Chris MacFarland, as well as Ustream Co-Founder Dr. Gyula Feher.
The funding will be used to market the company's electric motor, the Hunstable electric turbine (HET), across the electric vehicle (EV) industry as well as the micro-mobility (scooters), robotics, wind turbine, and heating, ventilation, and air conditioning (HVAC) industries.
"This investment showcases the confidence these tech luminaries have in Linear Labs as we go to market with the first major innovation in electric motors in 120 years," said Brad Hunstable, CEO of Linear Labs. "Automotive manufacturers are already looking at HET technology as the solution to size, weight, and range constraints. With 45% of worldwide electricity consumption passing through an electric motor, the number of industries this technology could impact are endless."
Linear Labs says its HET uses multiple rotors in new ways and that they have the ability to adapt to conditions while in motion. The company claims that its HET produces two times the torque density, three times the power density, two times the output per given motor size, and minimum 10% more range compared to the top permanent magnet motor on the market.
The HET is designed for mobility applications that include electric vehicles to offer high levels of torque in order to remove the need for a gearbox. Linear Labs currently has 50 filed patents, 21 of which are issued with 29 patents pending.