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Linear Labs Raises $6 Million in New Funding and Expands Board of Directors

Oct 14, 2020almost 5 years ago

Amount Raised

$6 Million

Fort Worth

Description

Smarter energy company Linear Labs has raised an additional $6 million in funding to further develop manufacturing capabilities and grow their employee base. The new capital comes shortly after Linear Labs' $68.9 million partnership with the City of Fort Worth, Texas, was announced, which includes an incentive package involving Linear Labs' plans to develop an advanced manufacturing facility and support thousands of new, skilled jobs over the next 10 years.

Company Information

Company

Linear Labs, Inc.

Location

Fort Worth, Texas, United States

About

Linear Labs, a U.S.-based smarter energy company, is entering production with the highest torque and efficiency electric motor system ever designed that is redefining mobility, industrial, HVAC and robotic applications, ushering a new era of smarter energy utilization. Linear Labs motors are designed to deliver ultra-high efficiency with patented breakthroughs leading to double the torque of competitive motors, increased range, and significantly lowered power consumption.