Flux Drive Obtains $500,000 New Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fe7ed4dd-24c9-4a1f-a323-eca3b7b2fe80&Preview=1 -
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
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Venture Investor
Undisclosed
