# Atlantic Motor Lab

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/atlantic-motor-lab

- Industry: Business Support Services
- Headquarters: Halifax, Canada
- Website: www.motorlabs.ca
- Total disclosed funding: $0.3M
- Latest round: Seed (Mar 25, 2015)
- Investors on record: 1

## About

Atlantic Motor Lab specializes in advanced turbomachinery solutions, primarily focusing on high-torque downhole motors for oil, gas, and mining operations. The company develops innovative technologies to enhance drilling efficiency and mitigate non-productive time.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. In March 2015, Atlantic Motor Lab raised USD 0.25 million in a Seed funding round from Invest Nova Scotia, bringing the total amount raised to USD 0.25 million. The company has completed one deal to date, and it has not undergone any significant pivots or changes in operations since its inception.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. Atlantic Motor Labs aims to penetrate markets beyond North America, targeting regions with significant oil and gas exploration and production activities, such as the Middle East and parts of South America, where the need for innovative drilling solutions is critical.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 pricing framework is structured around the complexity and specifications of each motor solution, reflecting the high value placed on durability and performance in the field.Atlantic Motor Lab plans to leverage its recent Seed financing of USD 0.25 million raised in March 2015 to support the development of new products aimed at enhancing the efficiency and capabilities of their downhole motors. 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. Additionally, the funding will be utilized to enhance research and development efforts, ensuring that Atlantic Motor Lab remains competitive in the turbomachinery sector.

## Funding rounds

- Seed, Mar 25, 2015, $0.3M — Invest Nova Scotia

## Investors

- Invest Nova Scotia — Seed