The acceleration time of induction machines (IMs) is essential for proper protection-relay settings of the machine to prevent voltage sags in local power areas. In this paper, mathematical modeling of IMs’ speed-time characteristics during no-load direct startup has been presented. Unlike the approaches presented in the literature, the proposed approach includes the bearing losses, in which two expressions of the speed-time characteristics of IMs during no-load direct startup are derived. The first expression was derived based on the Kloss equation used for representing the torque, and the second expression was derived based on the torque expression determined from the Thevenin equivalent circuit of the machine. The derived expressions’ accuracy was validated using laboratory measurement and computer simulation approaches. The results obtained show a good agreement between the measured and simulated speed-time characteristics of two IMs. Finally, the proposed formulations can provide a simple analytical base to enable accurate IM modeling.