Infinitum Electric Raises $80M In Series D Funding Led By Riverstone Holdings To Scale Production Of Sustainable Motors

May 17, 2022•about 3 years ago

Amount Raised

$80 Million

Round Type

series d

Austin

Description

Infinitum Electric, creator of the sustainable, breakthrough air-core motor, today announced $80 million in Series D funding to scale motor production to meet increasing demand. Infinitum Electric will use the investment to vertically integrate and automate production of its motors for the commercial and industrial market segments, and complete development and commercialization of a traction motor for the rapidly growing electric vehicle market, where its exceptional breakthrough power density can significantly extend the range of electric vehicles.

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

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Infinitum Electric Raises $80M In Series D Funding Led By Riverstone Holdings To Scale Production Of Sustainable Motors

Description

.css-1v6jzuu{--tw-text-opacity:1;color:rgba(75, 85, 99, var(--tw-text-opacity));}Company Information

Funding Insights

Company Information