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Turntide

Turntide

Develops energy-efficient solutions for transportation and agriculture

About

Turntide develops energy-efficient solutions for the transportation and agriculture sectors. In transportation, they partner with companies like Hitachi to retrofit trains with hybrid rail technology, utilizing their expertise in battery systems to electrify existing trains. In agriculture, their product, the Intelligent Barn, integrates hardware and software to enhance the welfare of dairy animals and improve farm operations while promoting sustainability. Unlike many competitors, Turntide focuses on creating partnerships to retrofit existing systems rather than building new ones from scratch. Their goal is to foster a sustainable ecosystem that helps various industries reduce energy consumption and minimize environmental impact.

Company Stage

Series C

Employees

201-500

Industries

Food & Agriculture, Industrial & Manufacturing, Energy

Total Funding

$739.6M

Headquarters

N/A

Founded

2013


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Simplify's Take

What believers are saying

  • Recognition as an Energy Transition Changemaker by COP28 underscores Turntide's leadership in sustainability and energy efficiency.
  • The launch of advanced products like the Turntide Whitehaven inverter and modular battery packs highlights their commitment to continuous innovation.
  • Strategic acquisitions and partnerships, such as with BrainBox AI and Hitachi, expand Turntide's market reach and technological capabilities.

What critics are saying

  • The divestiture of their Automation Division to BrainBox AI could lead to a loss of integrated capabilities and market share.
  • Operating in multiple sectors may dilute focus and resources, potentially impacting the quality and innovation of their solutions.

What makes Turntide unique

  • Turntide's focus on retrofitting existing systems with energy-efficient technology sets it apart from competitors who primarily develop new systems.
  • Their partnerships with industry giants like Hitachi enable them to leverage existing market presence and expertise, providing a competitive edge.
  • Turntide's diverse sector involvement, from transportation to agriculture, allows them to tap into multiple revenue streams and market opportunities.

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Growth & Insights
Headcount

6 month growth

-6%

1 year growth

-28%

2 year growth

-42%

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