The funding round was led by Infinite Capital, with participation from Hanwha Asset Management, Cubit Capital, Origin Ventures, Industrious Ventures, Venn10 Capital, and follow-on investors that include Lockheed Martin Ventures, Metaplanet, Liquid 2 Ventures, and TechNexus.

Founded in 2020 by a team of engineers, H3X is an advanced technology and electric motor manufacturing company based in Denver, Colorado. Their team brings together driven minds from aerospace, automotive, and motorsports with deep knowledge in electric machines, power electronics, material science, and advanced manufacturing. They are heavily vertically integrated: designing, manufacturing, and testing their integrated motor drives under one roof at their 17,000 sq-ft headquarters facility. The mission of the company is to become the world's leading supplier of advanced electric motors by 2030 to drive deep decarbonization in aviation, marine, and heavy industrial applications and unlock next-generation electrified defense technology to strengthen national security.