Turntide Technologies, a U.S. electric motor company backed by Amazon and Bill Gates, has announced the launch of Turntide Transport, a new division of the company focused on the commercial transportation industry.
Turntide is entering the transport space with the acquisition of two UK-based companies: Hyperdrive Innovation Ltd., and BorgWarner Gateshead, the electric drivetrain division of BorgWarner.
Hyperdrive designs, develops, and manufactures modular high-performance lithium-ion battery systems for a wide range of application.
By integrating technology from both entities, Turntide Transport will be a one-stop powertrain platform provider – including the battery pack, power electronics, motor, and connected intelligence.
Turntide Transport will establish operations in Gateshead, England, marking the beginning of a multi-year £100 million investment in the region. The new division will initially target electromechanical systems in some of the more challenging transport markets to decarbonise – including commercial and industrial vehicles, rail, marine and aerospace.
Ryan Morris, Turntide’s Chairman and CEO, says: “Our world is at a tipping point. We desperately need to reduce our carbon emissions, but they continue to rise despite the accelerating electrification of passenger vehicles. Because Turntide has been successful in driving down energy use and waste in the built environment, it is critical that we translate this success into transportation to help combat the growing threat of climate change. We are excited to incorporate the experience and innovation that these two companies have to offer as we launch into the transport market with our initial reference customers.”
Matt Boyle, OBE, Managing Director of Turntide Transport, adds: “The electrification of transport is inevitable, but it isn’t coming quickly enough. With success in the built environment under our belt, incorporating the technology from these two companies with the Smart Motor System will allow Turntide to simplify the path to sustainable transport. Gateshead has become well-known worldwide as a growing center for digital business. We are excited to make Gateshead a center for our innovation in sustainable transport, a move that reflects our confidence in the city.”
Investors in Turntide Technologies include Bill Gate’s Breakthrough Energy Ventures, Robert Downey Jr.’s FootPrint Coalition Ventures, and the Amazon Climate Pledge Fund.