Atlantic Motor Lab
Latest round
- Seed
Last raised
- Mar 2015
Total raised
- $0.3M
Investors
- 1
About Atlantic Motor Lab
Atlantic Motor Lab specializes in advanced turbomachinery solutions, primarily focusing on high-torque downhole motors for oil, gas, and mining operations.Atlantic Motor Lab was founded in 2013 and is headquartered in Halifax, Canada. The company focuses on the development of advanced turbomachinery solutions, specifically tailored downhole motors for challenging environments.25 million.Atlantic Motor Labs Inc. specializes in the development of advanced turbomachinery solutions, specifically focusing on unique downhole motors tailored for oil and gas as well as mining operations. The company's core offering includes non-rubber, high-torque downhole motors that integrate the benefits of turbine technology and positive displacement motors. These products are designed to operate in challenging downhole conditions, providing operators and service providers with enhanced flexibility to mitigate non-productive time while optimizing drilling and completion programs. Current end users of these technologies include drilling operators and service providers engaged in high-temperature and demanding environments.Details regarding the revenue structure of Atlantic Motor Labs Inc. indicate that the company engages in direct business-to-business transactions with its clients, primarily drilling operators and service providers. Revenue is generated through the sale of their advanced downhole motor systems, which are expected to be provided under partnership agreements or direct sales contracts. The firm's flagship products are designed to meet the specific needs of clients facing extreme drilling conditions, with the potential for customized solutions based on operational requirements. Transactions involve upfront payments for the purchase of equipment, with additional revenue opportunities arising from ongoing support and maintenance services. The company is focused on expanding its market presence in regions such as the Middle East and parts of South America by 2025, where there is significant demand for innovative drilling solutions.
Who invested in Atlantic Motor Lab
1 investor across 1 round
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Funding rounds
Seed
Mar 25, 2015
Amount
$0.3M
Investors
Questions about Atlantic Motor Lab
Who invested in Atlantic Motor Lab?
Atlantic Motor Lab has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Atlantic Motor Lab raised?
Atlantic Motor Lab has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Atlantic Motor Lab last raise money?
Atlantic Motor Lab's most recent round on record is a Seed, in Mar 2015.
What does Atlantic Motor Lab do?
Atlantic Motor Lab specializes in advanced turbomachinery solutions, primarily focusing on high-torque downhole motors for oil, gas, and mining operations.
Where is Atlantic Motor Lab headquartered?
Atlantic Motor Lab is headquartered in Halifax, Canada.
Which VCs invest in companies like Atlantic Motor Lab?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back business support services companies at Atlantic Motor Lab's stage. Their profiles are linked below.
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