Infinite Machine, a NYC-based company building non-car vehicles, raised $9.3M in Seed funding.
The round was led by Andreessen Horowitz through its American Dynamism fund, with additional participation from Adjacent Capital, Necessary Ventures, Otherwise Fund, the founders of Reformation, Replit, and HuggingFace and Formula 1 World Champion Nico Rosberg (Founder Rosberg Ventures).
The company intends to use the funds to accelerate production and the market launch of its debut product P1, a high-performance electric scooter for urban environments.
Led by Joseph Cohen and Eddie Cohen, Infinite Machine is producing a personal electric vehicle for cities, pairing industrial design with performance and utility. Its technology blends practicality and performance: its electric drivetrain is quick, and features a high-performance removable battery that can be charged at home with a standard outlet.
P1 is modular and can adapt to carry cargo, spare batteries and a speaker. It is fully connected, with an onboard automotive-grade computer and remote app for convenience and security. The vehicle can seat two passengers and can be operated for up to speeds of 30 mph with a standard driver’s license in the US. With a motorcycle license, a software unlock enables speeds of up to 55 mph.
FinSMEs
29/10/2024