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Birmingham Post
Birmingham Post
Business
Graeme Whitfield

Turntide Technologies ramps up North East investment after $80m fundraise

Amazon

A hotly-tipped technology company that brought together three leading North East firms in the electric vehicle sector has secured $80m in investment to boost its presence in the region.

Turntide Technologies - whose investors include Amazon, Bill Gates and the actor Robert Downey Jr - launched a transportation division last year with an $100m investment that saw it acquire BorgWarner Gateshead, Sunderland’s Hyperdrive Innovation and Northumberland company Avid Technology.

The company specialises in developing powertrains that aim to support electrification efforts by transport companies.

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