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
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.
Funding Insights
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