Danotek develops and manufactures permanent magnet generators (PMGs) and related converter systems for delivering wind energy to the power grid. The company has patents pending on several products, including PMGs and power electronics for wind turbines. It also develops variable-speed propulsion and accessory drives for electric and hybrid electric vehicle markets. Led by President and CEO Don Naab, Danotek plans to expand research and development initiatives and to launch initial production. The company secured $15M in a Series B financing to support those efforts. Danotek is headquartered in Canton, MI. Danotek Motion Technologies is a Canton, MI-based company that designs and manufactures advanced generators and components to supply wind energy to the power grid. The company also produces motors, drives, pumps and other accessories for electric and hybrid vehicles. Danotek raised $13.2M in a second funding round to support its growth. Proceeds will be used to expand research and development, install utility-scale megawatt load testing equipment, and hire and train workers. The company plans to launch production of permanent magnet generators with an annual capacity of about 4,000 units in approximately three years.

Total raised

$28M

Funding rounds

2

Latest round

Series B

Latest activity

Aug 2011