LC Drives

LC Drives Overview

  • Founded
  • 2012
  • Status
  • Private
  • Employees
  • 6
  • Latest Deal Type
  • Series A
  • Latest Deal Amount
  • $15M
Latest Deal Amount
  • Investors
  • 8

LC Drives General Information


Developer of electric motors designed to revolutionize high power dense electrical machines for a wide range of industries and applications. The company's electric motors use a patent pending technology that can be used in rugged environments, enabling oil, gas, mining, marine and other related industries to avail customized ultra-efficient electric motors and generators.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Accelerator/Incubator Backed
Primary Industry
Electrical Equipment
Other Industries
Machinery (B2B)
Primary Office
  • 88 East Hyerdale Drive
  • Goshen, CT 06756
  • United States

LC Drives Timeline

Financing RoundCaptured Employee CountEstimated Employee Growth
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LC Drives Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
11. Corporate (Series A) 15-May-2019 $15M 000.00 Completed Generating Revenue
10. Accelerator/Incubator 00000 Completed Generating Revenue
9. Grant 27-Jul-2017 00000 00000 Completed Product In Beta Test
8. Accelerator/Incubator 20-Jun-2017 00000 Completed Product In Beta Test
7. Debt - General 01-May-2017 00000 00000 Completed Product In Beta Test
6. Angel (individual) 01-Jan-2017 Cancelled Product In Beta Test
5. Grant 01-Jan-2016 00000 Completed Product In Beta Test
4. Grant 02-Oct-2015 00000 Completed Product In Beta Test
3. Grant 15-Aug-2014 $75K Completed Product In Beta Test
2. Grant Completed Product In Beta Test

LC Drives Executive Team (1)

Name Title Board Seat Contact Info
Russel Marvin Founder & Chief Executive Officer

LC Drives Investors (8)

To view LC Drives‘s full investor history, request access »
Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Koch Industries Corporation Minority 000 0000 000000 0
Peyton Hall Incubator Corporation 000 0000 000000 0
St. Lawrence County IDA Corporation Minority 000 0000 000000 0
Defense Advanced Research Projects Agency Government 000 0000 000000 0
Empire State Development Limited Partner 000 0000 000000 0

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