US-based Turntide Technologies enters the EV transport space with double acquisitions
Square One Law is delighted to have supported US-based Turntide Technologies in acquiring UK-based Hyperdrive Innovation and BorgWarner Gateshead. They are investing £100 million to create a new, world-leading division, Turntide Transport, which will focus on modernising intelligent motor systems throughout the commercial transportation industry, such as aerospace, shipping, rail and industrial vehicles which are some of the more challenging markets to decarbonize.
Turntide’s mission is to make every watt of energy worthwhile to humanity. Notable investors in the company include Bill Gates’ Breakthrough Energy Ventures, Robert Downey Jr.’s FootPrint Coalition Ventures, and the Amazon Climate Pledge Fund.
In this video, Graham Robb talks to Ryan Morris, Chairman and CEO of Turntide Technologies, Matt Boyle OBE, Managing Director of Turntide Transport and Ian Gilthorpe, Senior Partner at Square One Law about the significance of this important inward investment for the northeast region and the national significance on the journey to net-zero by 2050.