Flux Drive Lands $1.5M
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.