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Infinitum Electric Receives Investment From Caterpillar Venture Capital Inc.

Aug 19, 2021•almost 4 years ago
Austin

Description

Infinitum Electric, creator of the breakthrough air-core motor, today announced it has received an equity investment from Caterpillar Venture Capital Inc., the venture capital arm of Caterpillar Inc. (CAT), the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives, through Cottonwood Technology Fund. The proceeds will be used to further expand production of Infinitum Electric’s IEs Series motor systems for industrial applications and for the development of a new line of smaller, lighter, quieter and more efficient alternators. Infinitum Electric alternators are expected to be one third the size and weight of traditional alternators: targeting the growing $17 Billion annual alternator market.

Company Information

Company

Infinitum Electric

Location

Austin, Texas, United States

About

Infinitum Electric has raised the bar for a new generation of motors that is better for the planet and people. The company’s patented air core motors offer superior performance in half the weight and size, at a fraction of the carbon footprint of traditional motors, making them pound for pound the most efficient in the world. Infinitum Electric motors open up sustainable design possibilities for the machines we rely on to be smaller, lighter and quieter, improving our quality of life while also saving energy. Based in Austin, Texas, Infinitum Electric is led by a team of industry experts and pioneers. To learn more, visit www.infinitumelectric.com.