50 employees
Electric motors account for 45% of global electricity consumption, and two thirds of power used in industry.
2005
$14M
from 3 investors over 3 rounds
NovaTorque raised $14M on February 6, 2013
Investors: Birchmere Ventures
NovaTorque raised $13M on May 18, 2012
Investors: Menlo Ventures
NovaTorque raised $10M on October 1, 2009