Linear Labs, the company behind the revolutionary Hunstable Electric Turbine (HET), has closed over $6 million in funding from coveted technology firms and tech luminaries.
Chris and Crystal Sacca
Lowercase Capital brings that same obsessive passion and expertise that powered the Lowercase portfolio of over 70 companies (companies like Twitter, Uber, Instagram, Twilio, Stripe, and Kickstarter) and applies it to a new generation of startups, funds, and organizations dedicated to improving life on Earth. The ambition of these projects is unbounded because we know no other way.
Peter Pham & Mike Jones
Science’s venture funds support seed and early-stage follow-on investments from the studio as well as select seed and series A investment opportunities. Investments include Bird, Mammoth, Pray, Grow Mobility, Linear Labs, and more. Science works with a global network of institutional, individual and family office investors across a variety of vehicles.
Steve Jang & Kanyi Maqubela
Kindred Ventures is a seed-stage venture capital fund led by Steve Jang and Kanyi Maqubela, and is based in San Francisco, California. Collectively they have invested in over 80 companies in their careers, and have served as founders, early employees, and advisors in several pioneering technology startups.
Their mission is to back visionary and dedicated founders who want to solve the most important problems and vastly improve people’s lives around the world.
Saltwater is building a portfolio of technology & consumer products businesses that they can support for the long-haul. They provide experience-backed strategic and operational support. They partner with founders to scale the company, the business, and focus on the appropriate capital structure.
Capital Factory’s mission is to be the center of gravity for entrepreneurs in Texas, the number one startup state in the U.S. Last year more than 200,000 entrepreneurs, programmers and designers gathered day and night, in-person and online for meetups, classes and coworking.
With boots on the ground in Austin, Dallas and Houston, they meet the best entrepreneurs in Texas and introduce them to their first investors, employees, mentors and customers. According to Pitchbook, Capital Factory has been the most active investor in Texas since 2013.
Champion Hill Ventures
Champion Hill Ventures was founded by Josh Manchester to invest from inception and beyond into non-consensus, out of favor, or structurally underserved founders, ideas, markets, and technologies. Previous investments include SpaceX, Flexport, LabGenius, Anduril, and ZBiotics.
At Spike, we look to make equally audacious bets to improve the world we live in by investing in and for the Stanford Alumni network.
Spike Ventures pays homage to the golden spike that was driven by Leland Stanford to finish the First Transcontinental Railroad across the nation, ushering a new era of commerce, transportation and expansion for our country.
William Barnes & Josh Mohrer
Moving Capital | Ex-Uber Employee Syndicate
Moving Capital is a private investment firm focused on helping amazing companies at all stages grow faster.
Their aim is to be the best possible partner for entrepreneurs. Their global network of partners have deep experience in operations, marketplaces, corp-dev, product development, engineering, data-science, international expansion and government affairs.
For its unique electric motor design and focus on supporting sustainability and community, Linear Labs stands out in a crowded market, creating a Blue Ocean market for itself and is recognized with Frost & Sullivan’s 2020 New Product Innovation Award.
“Linear Lab’s revolutionary motor produces twice the torque in the half the size of other leading motor brands. With a small footprint, it’s perfect for space-constrained applications such as automotive, robotics, and aerospace.
Not just innovation in design, Linear Labs is also leading the change in the way companies operate. With a strong focus on improving the community and city, it has partnered with local colleges and the local city administration to bring innovation in manufacturing and operations to the Dallas Fort Worth area.”
– Anand Gnanamoorthy, Industry Principal
A New Workhorse For A Power Hungry World
Consumer demand and governmental climate reduction initiatives are pressing manufacturers to seek drastically more efficient motors:
- By 2025, EVs will account for 30% of global vehicle sales.
- Air conditioner motors consume tremendous amounts of energy. There is a growing middle class among the 2.8 billion people living in the hottest parts of the world. As they turn on air conditioning for the first time, global power grids will be pushed to their limits.
- Motors currently used in robotics suffer from excess inertia when changing direction. This creates safety and reliability problems and increases operating cost.
“Until now, electric motor design remained fundamentally unchanged for over 100 years. 45% of worldwide electricity consumption passes through an electric motor. 1 out of 2 power plants is dedicated to powering electric motors”, say CTO Fred Hunstable.
The HET produces high-torque at both low and high-speed operation. This is huge for the electric vehicle (EVs), robotics, HVAC, and wind turbine markets.