As much as half of the world’s electricity is consumed by motors. They power everything from fans to electric cars and pumps to industrial machinery. Making them more efficient could go a long way in reducing emissions of planet-warming greenhouse gases.
That’s the promise of California-based startup Turntide Technologies Inc., which has commercialized a new type of electric motor. The company said on Wednesday it has raised $80 million from investors including funds led by Microsoft Corp. founder Bill Gates, Iron Man actor Robert Downey Jr., and co-creator of the iPhone Tony Fadell.
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