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§ Private Profile · Canton, MI, USA
Technology company developing and manufacturing permanent magnet generators for wind turbines and energy conversion systems.
Based in Ann Arbor, Michigan, Danotek Motion Technologies develops and manufactures high-efficiency permanent magnet generators and advanced energy conversion systems for the wind power, transportation, and medical sectors. The company primarily supplies its specialized generators to original equipment manufacturers in the wind turbine industry, aiming to improve operational efficiency and reduce long-term maintenance costs. Beyond wind energy, the enterprise also engineers electronics-integrated pumps and electric vehicle steering systems for hybrid automotive and combined heat and power applications. Operating with approximately 50 employees, the business generates an estimated $590,000 in annual revenue while producing large-scale components such as three-megawatt generators. To support its manufacturing expansion, the firm secured $14.5 million in total venture funding, backed by prominent institutional investors including CMEA Ventures, StatoilHydro Venture, and GE Energy Financial Services. Danotek Motion Technologies was founded in 2000 by Daniel Gizaw.
Danotek Motion Technologies has raised $28.2M across 2 funding rounds.
Danotek Motion Technologies has raised $28.2M in total across 2 funding rounds.
Danotek Motion Technologies has raised $28.2M across 2 funding rounds. Most recently, it raised $15.0M Series B in August 2011.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 30, 2011 | $15M Series B | — | CMEA Capital, Equinor Ventures, GE Energy Financial Services, Khosla Ventures | Announced |
| Dec 14, 2009 | $13.2M Venture Round | CMEA Capital, Energy Capital Management, GE Energy Financial Services, Khosla Ventures | — | Announced |
Danotek Motion Technologies has raised $28.2M in total across 2 funding rounds.
Danotek Motion Technologies's investors include CMEA Capital, Equinor Ventures, GE Energy Financial Services, Khosla Ventures, Energy Capital Management.