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Infinitum Electric Raises $40 Million In Series C Funding Led By Energy Innovation Capital

May 25, 2021•about 4 years ago

Amount Raised

$40 Million

Round Type

series c

Austin

Description

Infinitum Electric, creator of the breakthrough air-core motor, today announced $40 million in Series C funding to scale production of its ultra-high-efficiency, lightweight motors. The investment will be used to expand production of the company’s IEs Series motors for commercial and industrial applications and complete development of its IEm Series motors for the rapidly growing electric vehicle 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.

Funding Insights

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