Linear Labs Raises $4.5 Million to Roll Out Next-gen Electric Motor for Cars, Robotics

Fort Worth-based Linear Labs has raised $4.5 million from investors and venture capital firms to rev up sales of a new electric motor that can be used in cars, scooters, robotics, wind turbines and more.The company announced the capital raise today, and said it will use the funding to market the next-generation motor. The round of funding was led by Science Inc., a Los Angeles area venture firm, and Kindred Ventures, a San Francisco venture firm. It included funding from billionaire investor and former Shark Tank judge Chris Sacca and his wife, Crystal Sacca; former CEO of Plano-based Masergy, Chris MacFarland; and former Ustream co-founder, Gyula Feher.  Continue reading...