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SpinDrive

Founded 2015 · 31 employees on LinkedIn · 5 known investors

Find your way into SpinDrive

117 people in our graph share verified history with the SpinDrive team — schools, employers, funds. One of them is your warm intro.

Juho Riskuunlockedknows Nikita Uzhegov · together at SpinDrive (overlapped)
knows the team · via SpinDrive
×4knows the team · via VTT
×3knows the team · via Aalto University
knows the team · via Lappeenranta University of Technology, LUT
knows the team · via Industrial Technology Research Institute (ITRI)(工業技術研究院, 工研院)

SpinDrive designs, supplies and supports active magnetic bearing (AMB) systems and controller platforms for industrial OEMs whose high-speed machinery depends on bearing performance and lifecycle cost. It offers complete AMB systems, controllers (Magma X100 and X800), and services including feasibility studies, system design, retrofits, condition monitoring and lifecycle support.

Advanced ManufacturingDeep TechHardware

Founders & leadership

SpinDrive was founded in 2015 by Alexander Smirnov and Nikita Uzhegov.

ASAlexander Smirnov
Alexander SmirnovinCo-founder · CTOPreviously a research scientist at VTT and a postdoctoral researcher at Aalto University and Lappeenranta University of Technology (LUT), where he also completed his postgraduate studies. His earlier work includes an exchange research stay at the Center for Rotating Machinery Dynamics and Control and a student position at Motorola.
NUNikita Uzhegov
Nikita UzhegovinCo-Founder and COOHe researched electrical machines at Lappeenranta University of Technology (LUT) from 2012 to 2016 and spent time as a visiting researcher at Taiwan's Industrial Technology Research Institute (ITRI). He has been named to MIT Technology Review's Innovators Under 35 list and works on energy efficiency in industrial machinery.

Investors · 5

Butterfly VenturesOulu · $300K
Rhapsody Venture PartnersCambridge · $500K – $2M
SDGx
Innovestorreported · 2 sourcesFinland

Also in the syndicate · 1

Born2Grow

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Founder mafia

4 people who came through SpinDrive went on to found or lead other companies.

Juho RiskuBoard MemberFounded ButterflyAlexander SmirnovFounderFounded SpinDriveJanne HeikkinenCo-FounderFounded SpinDriveNikita UzhegovFounderFounded SpinDrive

In the news

SpinDrive raises funding to advance active magnetic bearing technologystartuphub.ai · Oct 2025SpinDrive raises funding to scale magnetic bearing tech for cleaner industry - Tech.eutech.eu · Oct 2025Finnish SpinDrive raises growth funding to expand magnetic bearing technology – BeBeez Internationalbebeez.eu · Oct 2025SpinDrive Secures Magnetic Bearing Funding for US Pushsesamers.com · Oct 2025Finnish SpinDrive raises growth funding to expand magnetic bearing technology - ArcticStartuparcticstartup.com · Oct 2025SpinDrive raises growth funding to scale magnetic levitation bearing technology for more efficient, cleaner industrial machinery - SpinDrivespindrive.fi · Oct 2025SpinDrive Raises Growth Fundingfinsmes.com · Oct 2025Finnish startup SpinDrive raises €3.8M Series A for affordable, energy-efficient industrial bearings - Tech.eutech.eu · Nov 2023

Frequently asked questions

What does SpinDrive do?
SpinDrive designs, supplies and supports active magnetic bearing (AMB) systems and controller platforms for industrial OEMs whose high-speed machinery depends on bearing performance and lifecycle cost. It offers complete AMB systems, controllers (Magma X100 and X800), and services including feasibility studies, system design, retrofits, condition monitoring and lifecycle support.
Who founded SpinDrive?
SpinDrive was founded by Alexander Smirnov, Nikita Uzhegov in 2015.
Who are SpinDrive's investors?
SpinDrive's investors include Butterfly Ventures, Rhapsody Venture Partners, SDGx, Innovestor.