# Danotek

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/danotek

- Industry: Electronics
- Headquarters: Canton, US
- Website: www.danotekmotion.com
- Total disclosed funding: $15M
- Latest round: Series B (Aug 30, 2011)
- Investors on record: 5

## About

Danotek specializes in providing innovative motion technologies and solutions for various industries, focusing on enhancing performance and efficiency in electric and hybrid vehicles.Founded in 2001 in Canton, US, Danotek develops advanced motion technologies and has pivoted its focus to cater primarily to the automotive sector. The company has successfully raised USD 15.00 mn in total through a SERIES B funding round, with investments from Equinor Ventures, GE Energy Financial Services, Khosla Ventures, and Presidio Partners.Danotek offers cutting-edge motion technology solutions tailored for e-mobility applications. Their products include high-performance electric motor systems designed to improve efficiency and reliability for electric and hybrid vehicles, ensuring they meet the growing demands of modern transportation.Danotek's revenue model primarily revolves around the sale of motion technology products and systems to automotive manufacturers. This includes generating income through partnerships and collaborations with major industry players, resulting in contracts that support their innovative offerings in the e-mobility sector.Danotek's future growth strategy is currently limited as the company has gone out of business. The latest funding round was aimed at supporting the development of new motion technology products, which were intended to be launched in new markets. However, with the closure, these initiatives will not be realized.

## Funding rounds

- Series B, Aug 30, 2011, $15M — Presidio Partners, Khosla Ventures, GE Energy Financial Services, Equinor Ventures
- Seed, Jan 1, 2008 — Ann Arbor SPARK

## Investors

- Ann Arbor SPARK (https://capitalatlas.ai/funds/ann-arbor-spark) — Seed
- Presidio Partners (https://capitalatlas.ai/funds/presidio-partners) — Series B
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series B
- GE Energy Financial Services (https://capitalatlas.ai/funds/ge-energy-financial-services) — Series B
- Equinor Ventures — Series B