[6] CEO Ryan Morris told CNN in April 2021 that the company would "soon announce a push into electric vehicles (EVs).
[11] Turntide promotes its solution as a key ingredient for an eventual fossil fuel phase-out, since motors use about half the world's energy.
Turntide’s approach is based around the principles that govern switched reluctance motor technology, where the simplicity of the architecture translates into durability, efficiency, and power density advantages.
[16] At that time, Turntide also announced investment from Future Shape, the fund led by Nest founder Tony Fadell.
[20] In June 2021, Turntide announced it had raised another $225 million, including from Canada Pension Plan Investment Board.