Infinitum, an Austin, TX-based creator of the sustainable air-core motor, raised $35M in Series E Extension funding.
The additional funding brings the company’s total Series E funding to $220M. Backers included Marunouchi Innovation Partners and Rice Investment Group.
The company intends to use the funds to meet customer demand and drive decarbonization.
Led by CEO and Founder Ben Schuler, Infinitum provides air-core motor systems that can sustainably empower energy-intensive applications used in data centers, hospitals and buildings, as well as logistics, manufacturing and industrial facilities with less electricity, carbon emissions and waste.
Its motor systems use fewer raw materials in manufacturing and modular design allows for motors to be easily serviced, repaired, remanufactured or recycled to keep motors in service and out of landfills.
FinSMEs
16/07/2024