Motion firm gets new funding

More funding for a magnetic levitation technology provider could eventually translate into 80% savings in lifecycle costs for your next conveyor system, according to estimates.

MagneMotion, a developer and manufacturer of assembly automation, material, and transportation systems that use electro-magnetic technology, has secured a $3 million mezzanine round of funding for growth and marketing of its linear synchronous motor (LSM) and core development of its magnetic levitation (MagLev) technologies.

www.magnemotion.com

Do you have experience and expertise with the topics mentioned in this content? You should consider contributing to our CFE Media editorial team and getting the recognition you and your company deserve. Click here to start this process.