Fort Worth has long been a center of manufacturing. From Bell Helicopter to Lockheed’s massive plant on the city’s west side that dates back to World War II, manufacturing has been a mainstay of the economy.
Co-Founders Brad and Fred Hunstable Named Southwest Winners for Innovation and Positive Societal Impact
FORT WORTH, Texas, Oct. 22, 2020 /PRNewswire/ — Linear Labs co-founders Brad and Fred Hunstable have been named by Ernst & Young LLP (EY US) Entrepreneur Of The Year® 2020 Southwest Award winners. The Entrepreneur of the Year Awards program is one of the preeminent competitive awards for entrepreneurs and leaders of high-growth companies.
Co-Founders Brad and Fred Hunstable Named Southwest Winners for Innovation and Positive Societal Impact
FORT WORTH, Texas, Oct. 22, 2020 /PRNewswire/ — Linear Labs co-founders Brad and Fred Hunstable have been named by Ernst & Young LLP (EY US) Entrepreneur Of The Year® 2020 Southwest Award winners. The Entrepreneur of the Year Awards program is one of the preeminent competitive awards for entrepreneurs and leaders of high-growth companies.
Electric motor manufacturer Linear Labs has raised an additional $6 million in funding to further develop manufacturing capabilities and grow its employee base. The new capital raise comes shortly after the announcement of a $68.9-million partnership with the City of Fort Worth, Texas, which includes an incentive package for Linear Labs’ plans to develop an advanced manufacturing facility in the area.
Linear Labs has raised an additional $6 million in funding to further develop manufacturing capabilities and grow its employee base. The new capital comes shortly after Linear Labs’ $68.9 million partnership with the City of Fort Worth, Texas, was announced, which includes an incentive package involving Linear Labs’ plans to develop an advanced manufacturing facility.
The patented HET motor technology from Linear Labs produces up to twice the torque of competitor motors —or the same torque in half the size—and can also be made using rare-earth or ferrite magnets. The design is based upon a breakthrough magnetic flux tunnel featuring both dual axial flux and dual radial flux rotors tied together around one stator, meaning it is effectively four motors working as one.
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BY LUCINDA SHEN
Tech businesses are soaring while many travel businesses are struggling. We all know that.
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Linear Labs, a Fort Worth, Texas-based smart energy company, raised an additional $6m in funding.
Backers included Champion Hill, Chris and Crystal Sacca’s Lowercarbon Capital, Kindred Ventures, Gen Fukunaga, Duke Angel Network, Spike Ventures, and Moving Capital.
The company intends to use the funds to further develop manufacturing capabilities and grow their employee base. The funding will be used to expand manufacturing expertise, supply chain infrastructure and logistics, as well as advanced automation and robotics engineering.
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Smarter energy company Linear Labs has raised an additional $6 million in funding to further develop manufacturing capabilities and grow its employee base, the company announced Oct. 13.