A device for estimating a rotation speed and/or a direction of rotation of an induction machine is presented. The device controls stator voltages (uu, uv, uw) of the induction machine so that a voltage space-vector constituted by the stator voltages has a fixed direction and a current space-vector constituted by stator currents (iu, iv, iw) of the induction machine has a pre-determined length or a predetermined d-component. The rotation speed and/or the direction of rotation is/are estimated based on a waveform of a q-component of the current space-vector, where the d-component of the current space-vector is parallel with the voltage space-vector and the q-component of the current space-vector is perpendicular to the voltage space-vector. The device is usable when the induction machine does not have enough magnetic flux for flux-based determination of the rotation speed and/or the direction of rotation.