Danotek Motion Technologies Lands $13,200,000 Series B Funding Round

  • Feed Type
  • Date
  • Company Name
    Danotek Motion Technologies
  • Mailing Address
    8680 N. Haggerty Road Canton, MI 48187
  • Company Description
    Welcome to Danotek Motion Technologies, LLC—an industry leading engineering and manufacturing company that specializes in advanced electro-mechanical drives, motors, and digital sensor/sensorless control systems. At Danotek, we are committed to developing fully optimized systems that deliver ultimate performance and efficiency—all at a low production cost. Our expansive production and testing facilities enable us to provide concept-to-production service to offer our client’s highly customized systems that can be directly integrated into their existing structures.
  • Website
  • Transaction Type
    Venture Equity
  • Transaction Amount
  • Transaction Round
    Series B
  • Proceeds Purposes
    The investment enables Danotek, based in Canton, MI, to expand research and development, install utility-scale Mega Watt load testing equipment, hire and train workers and launch production of a projected 4,000 permanent magnet generators (PMG’s) annually.
  • M&A Terms
  • Venture Investor
    Khosla Ventures
  • Venture Investor
    CMEA Ventures
  • Venture Investor
    GE Energy Financial Services
  • Venture Investor

Trending on Xconomy