The round was led by Science and Kindred Ventures with participation from investors Chris and Crystal Sacca, Ryan Graves of Saltwater Ventures, Dynamic Signal CEO Russ Fradin, Masergy Executive Chairman and former-CEO Chris MacFarland, as well as Ustream co-founder Dr. Gyula Feher.
The company intends to use the funds to market its electric motor across the electric vehicle (EV) industry as well as the micro-mobility (scooters), robotics, wind turbine and heating, ventilation and air conditioning (HVAC) industries.
Founded in 2014 in Texas by Brad (CEO) and Fred Hunstable (CTO), Linear Labs is advancing the Hunstable Electric Turbine (HET), an entirely new class of motor that uses multiple rotors to adapt to conditions while in motion. The HET is designed for mobility applications to include electric vehicles, removing the need for a gearbox, reducing manufacturers’ production costs and increasing efficiency throughout the speed range.
Linear Labs currently has 50 filed patents, 21 of which are issued with 29 patents pending.
Brad and Fred Hunstable invented the HET while working to design a device capable of pumping clean water and providing power for small communities in underdeveloped regions of the world. Linear Labs has also made recent additions its leadership team including President John Curry, coming from KLA-Tencor and NanoPhotonics, and Vice President Jon Hurry, who brings expertise as a technical representative for both Tesla and Faraday Future as well as a background with General Motor’s hydrogen fuel cell program in addition to experience with Lucid Motors.
FinSMEs
26/03/2019