AUSTIN, TX, Infinitum, creator of the sustainable air-core motor, today announced it has extended its Series E with $35 million in funding from Marunouchi Innovation Partners and Rice Investment Group.
The additional funding brings the company's total Series E funding to $220 million, and will be used to scale the company to meet customer demand and drive decarbonization.
Infinitum has raised the bar for a new generation of motor 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 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 and reducing waste.
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