SpinDrive is a machinery company developing oil-free active magnetic bearings (AMBs) systems for original equipment manufacturers (OEM). By levitating the rotational part of the machine, thereby eliminating friction and increasing the rotating speed, SpinDrive allows their customers to increase the efficiency of their industrial processes by at least 10 percent, lower their lifecycle costs by 35 percent, and mitigate 200t of CO2 emissions annually.