Summary
- Infinitum, an EV air-core motor manufacturer, has received $35 million in funding from Marunouchi Innovation Partners and Rice Investment Group for its Series E financing round
- The total Series E funding for Infinitum now stands at $220 million, to be used for scaling the company to meet customer demand
- Infinitum’s air-core motor systems can sustainably power energy-intensive applications with less electricity, carbon emissions, and waste
- Advanced motor technology in the US industrial and commercial sectors could save 127 terawatt-hours per year, resulting in cost savings of $14.7 billion and CO2 reductions of 90.2 million metric tons
- Infinitum’s CEO, Ben Schuler, emphasized the importance of choosing high-efficiency motors over conventional motors for environmental impact and expanding production to meet rising demand.
Article
Infinitum, an EV air-core motor manufacturer, has secured an additional $35 million in funding from Marunouchi Innovation Partners and Rice Investment Group as part of its Series E financing round, bringing total funding to $220 million. The company plans to utilize the funds to expand its operations and meet growing customer demand. Infinitum specializes in air-core motor systems that can power energy-intensive applications in various sectors such as data centers, hospitals, logistics, manufacturing, and industrial facilities, while reducing electricity consumption, carbon emissions, and waste.
A report prepared for the US Department of Energy highlights the potential impact of advanced motor technology on the industrial and commercial sectors in the US. The implementation of such technology has the capacity to save 127 terawatt-hours per year, resulting in cost savings of $14.7 billion and a reduction of 90.2 million metric tons of CO2 emissions. Ben Schuler, CEO of Infinitum, emphasizes the importance of choosing advanced, high-efficiency motors over conventional ones to power essential applications like AI, cooling systems, and industrial workloads. He expresses his excitement for expanding the company further to meet customer demands and ramp up production of their motor systems.
The demand for electric motors continues to rise as industries increasingly shift towards sustainable and efficient technologies. Infinitum’s focus on air-core motor systems aligns with the growing need for energy-efficient solutions that can help reduce carbon footprints and energy consumption across various sectors. By providing innovative motor technology that offers sustainability benefits, Infinitum aims to contribute towards a greener future and meet the evolving needs of industries looking to adopt eco-friendly practices.
The $35 million injection of funds from Marunouchi Innovation Partners and Rice Investment Group exemplifies the confidence and support that investors have in Infinitum’s vision and technology. This additional funding will enable the company to further scale its operations, enhance production capabilities, and meet the increasing demand for its air-core motor systems. As the need for sustainable energy solutions continues to grow, investments in companies like Infinitum play a crucial role in driving innovation and accelerating the adoption of environmentally-friendly technologies in various industries.
Infinitum’s focus on developing air-core motor systems that can power energy-intensive applications more sustainably showcases the company’s commitment to addressing the environmental challenges faced by modern industries. By offering high-efficiency motors that can significantly reduce carbon emissions and electricity consumption, Infinitum is helping businesses transition towards greener practices while maintaining operational efficiency and reliability. The latest funding round will support Infinitum in expanding its reach, enhancing its product offerings, and driving further innovation in the electric motor industry.
In conclusion, Infinitum’s recent funding injection of $35 million from Marunouchi Innovation Partners and Rice Investment Group, as part of its Series E financing round, highlights the company’s momentum and potential to revolutionize the electric motor industry. With a focus on developing advanced air-core motor systems that offer sustainability benefits and energy efficiency, Infinitum is well-positioned to cater to the increasing demand for eco-friendly solutions in various sectors. The impact of advanced motor technology on reducing carbon emissions, energy consumption, and costs underscores the importance of investing in innovative companies like Infinitum to drive sustainable practices and contribute towards a cleaner, greener future.
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