Infinitum (fka Infinitum Electric), an Austin, TX-based creator of a sustainable air core motor, raised $30M in additional growth capital.
The round was led by Riverstone Holdings Latin America, Alliance Resource Partners, Caterpillar Venture Capital and Cottonwood Technology Fund.
The company intends to use the funds to expedite commercial and industrial motor production by expanding and fully automating assembly at its 65,000 square foot facility in Mexico.
Led by Ben Schuler, founder and CEO, Infinitum provides patented air core motors that offer performance in half the weight and size, at a fraction of the carbon footprint of traditional motors. The company’s motors are modular by design, making them easier to service, and allowing the housing, rotors, and stators to be reused multiple times.
FinSMEs
08/11/2022