Explore potential ways to own Turntide Technologies stock before the IPO. Get access to select pre-IPO companies at Equitybee.
Recent Turntide Technologies Stock IPO News
06/15/2022: Turntide Technologies Exceeds $1 Billion Valuation With $80 Million Fundraise
04/05/2021: This startup is trying to save the planet, one motor at a time
03/03/2021: Robert Downey Jr. and Bill Gates fund electric motor company
09/17/2020: Amazon names first recipients of its $2 billion Climate Pledge Fund
What is Turntide Technologies?
Turntide Technologies is a next-generation electric motor manufacturer. The company has reimagined century-old standard motor technology to be more efficient using intelligent software and innovative design.
Software-controlled motors, or switch reluctance motors, use precise energy pulses instead of a constant flow of electricity to reduce power consumption.
By targeting energy-intensive industries such as transportation, agriculture, and building maintenance, Turntide Technologies helps to decarbonize the planet and empowers companies to reach their carbon emission reduction goals while reducing costs.
Use cases include retrofitting commercial HVAC systems for cloud computing centers, intelligent barn systems for animal farming, and electrification and drivetrain components for commercial vehicles.
Half of the electricity in the entire world, worth over a trillion dollars a year, is consumed today by electric motors. They are in every fan, pump, refrigeration, electric vehicle, and just about everything that moves in civilization. What’s incredible is that 98% of them today are based on an 1888 technology invented by Nikola Tesla called an AC induction motor. — Ryan Morris, CEO of Turntide Technologies Inc.
The company was founded as Software Motor Company in 2013 but rebranded to Turntide Technologies in 2020.
It received seed funding from the National Science Foundation in 2016 and the Wells Fargo Innovation Incubator, co-administered with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) in 2017.
Turntide Technologies is headquartered in Sunnyvale, CA.
Here’s a video explaining how more efficient motors can reduce energy consumption and why it’s taken so long for these efficiencies to be commercialized.
Is Turntide Technologies Publicly Traded?
No. Turntide Technologies is a private company.
Who Owns Turntide Technologies?
Turntide Technologies is a venture-backed private company.
The latest funding round was completed in June 2022, raising $80 million. This followed an $80 million round and a $225 million convertible note completed in 2021.
The total funding to date is $485 million.
Prominent venture capital investors include Amazon Climate Pledge Fund, BMW iVentures, Bill Gates’s Breakthrough Energy Ventures, Fifth Wall, JLL Spark, Keyframe Capital, Meson Capital, Tony Fadell’s (iPod, Nest) Future Shape, and Robert Downey Jr.’s FootPrint Coalition Ventures.
CEO Ryan Morris is also the founder and President of Meson Capital. In 2013, Meson Capital acquired the technology, initially developed at the Illinois Institute of Technology.
Turntide Technologies Valuation
The June 2022 $80 million funding round minted Turntide Technologies an official unicorn.
The Turntide Technologies valuation is about $1 billion.
When is the Turntide Technologies IPO Date?
The Turntide Technologies IPO date is currently unknown.
The company is still a maturing startup, even at a $1 billion valuation. Turntide Technologies believes 95% of the world’s motors can be made more efficient with its technology, starting with the most energy-intensive industries.
The author expects additional private funding rounds to fund growth and increase its private valuation before an IPO.
We’ll get a better sense of when the Turntide Technologies IPO will be when a new funding round is announced, or the company indicates it is taking steps toward an IPO.
Bookmark this page for the latest developments.
What is the Turntide Stock Symbol? Turntide Technologies Ticker?
There is no Turntide Technologies stock symbol yet because it is a private company.
Here are a few Turntide ticker suggestions that appear to be available in the U.S.:
- TIDE
- TTDE
What is the Turntide Technologies Stock Price?
The Turntide Technologies stock price does not exist yet because the company is private.
Can You Access Turntide Technologies stock via Pre-IPO Marketplaces?
The author has yet to see evidence of Turntide Technologies stock availability on prominent pre-IPO investing platforms based in the U.S.
Shares may become available if early investors or employees want to cash out before the IPO.
This may become more likely if the company raises another round of private equity capital at a higher valuation or if market uncertainty delays the IPO for years.
The SEC requires pre-IPO investors to be accredited, meaning a net worth above $1 million (not including primary residence) or an income above $200,000 (or $300,000 with a spouse).
Check out our list of top pre-IPO investing platforms for current share availability.
How to Invest in Turntide Technologies Stock
Since Turntide Technologies is a private company, it is challenging to become an equity owner today.
However, you can take action to improve your chances of early equity ownership or acquire shares in the IPO.
Accredited investors may have an easier time via pre-IPO investing platforms.
1. Access Turntide Technologies stock via Pre-IPO investing platforms
Investors can monitor pre-IPO investing platforms such as Equitybee, EquityZen,, Forge Global, and Linqto for share availability.
Expect to pay at least a $10,000 investment minimum for pre-IPO access.
Pre-IPO investing platforms empower users to indicate interest in companies they wish to invest in.
Some investment opportunities may be available via diversified funds. Others may be direct investments.
When enough investors indicate interest in a company such as Turntide Technologies, the platforms reach out to equity holders to try and acquire shares.
Non-accredited retail investors can bypass the accreditation requirement for pre-IPO investing by owning venture capital funds such as the ARK Venture Fund at Titan ($500 minimum) or the recently launched Fundrise Innovation Fund ($10 minimum).
However, you cannot select individual pre-IPO companies, and Turntide Technologies is not in either fund at the moment.
As companies mature, gain more shareholders, and delay their IPO due to macro conditions, more equity holders may seek liquidation before the IPO.
Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.
2. Buy during Turntide Technologies IPO through a participating broker
2022 was a slow year for IPOs. Turntide Technologies conducted a private funding round in June 2022 to support operations and growth.
At a $1 billion valuation, Turntide Technologies may raise an additional private round to up its valuation, considering the market potential for its products.
2023 looks to be a more promising year for IPOs. But Turntide Technologies still seems to be a few years away from a public offering.
IPO investors may find opportunities to invest during the IPO when it arrives.
IPO access has become more accessible to retail investors in the past decade.
The following online brokers and smartphone apps give customers free access to IPO investing, even with small account balances:
Brokers will negotiate exclusive IPO share allocations for retail investors.
Access to specific high-demand IPOs may be limited by which brokerage accounts you have and what broker gets exclusive access.
TradeStation has the longest track record of accessing more than 200 IPOs and secondary offerings via its partnership with ClickIPO.
But Robinhood and SoFi Invest have the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs.
Read the S-1 filings to find mentions of these online brokers to find opportunities.
Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.
3. Buy the Turntide tock after the IPO
Though waiting for the IPO requires patience, there are advantages to waiting for the stock to become publicly traded before owning.
First of all, the IPO allows investors to review financials. Pre-IPO investing has limited financials available.
Second, IPO stock prices typically rise with high-demand companies. You can benefit if you’re in early and sell when the price overheats.
Many IPOs start with an immediate price increase (“the pop”). Then the stock falls once quarterly earnings reports become available.
In 2021, for example, both Rivian and Robinhood became high-flying IPO stocks. But six months after the IPO, both stocks were more than 80% below their price peak.
Stock price declines after IPOs can be excellent entry points.
Avoid buying overvalued shares immediately after the IPO. Shares often fall after the IPO due to lockup expirations and quarterly earnings disappointments.
However, the most disruptive companies will be higher in a decade. Patience pays.
Buy post-IPO stocks with any online broker. My favorite is M1 Finance, which is the best for long-term buy-and-hold investors.
M1 Finance does not provide IPO access.
Where can I find the Turntide Technologies IPO S-1 Filing?
Turntide Technologies has yet to release an S-1 filing to the public, and there is no evidence of a confidential S-1 filing.
We do not expect a Turntide Technologies IPO for at least 18-24 months.
When the company releases the S-1 filing to investors, we’ll link to and embed the document on this web page.
In the meantime, you can check out the most recent S-1 filings in our S-1 filings feed.
Conclusion
Investors become interested in buying companies riding extraordinary macroeconomic trends (carbon reduction).
However, acquiring shares in a company like Turntide Technologies before the IPO can prove difficult for retail investors, especially non-accredited ones.
Pre-IPO investing platforms have opened more opportunities for retail investors.
But private equity investing is still mostly reserved for accredited investors.
Investors will likely find it challenging to acquire shares before an IPO.
But if you are interested in pursuing Turntide Technologies stock before the IPO, maintain reasonable expectations. Invest in pre-IPO and IPO companies at your own risk.
* Disclosure: The web page contains affiliate links from our partners. If a reader opens an account or buys a service from a link in this article, we may be compensated at no additional cost to the reader. Opening an account with a broker that provides access to IPOs does not guarantee the customer allocations of specific IPOs. The author is long HOOD, RIVN, Fundrise Innovation Fund, ARK Titan Venture Fund.
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