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Turntide raised $100 million from Amazon, BMW, Tony Fadell for a motor - Business Insider

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How this startup CEO raised $100 million from Tony Fadell, Amazon, and BMW for a new energy-saving motor that everyone thought was impossible to build

who made his fortune by buying shares in undervalued, mismanaged companies and being installed as the new chairman on their boards .

But when he found that patent, he sought out Turntide's founders. They were expecting to build this company and sell it like they had done with a previous company, Morris said. But the investor told them, "I think we can make a $100 billion company here."The partners at his fund, Meson, agreed to invest $50 million of the $100 million Morris raised so far. That $100 million includes thelead by Amazon's new Climate Pledge Fund.

That gave him an opening to talk about the motor that no one thought could be built, but that gentle pitch didn't lead to immediate funding.

 

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