ImpactAlpha, May 19 — Austin-based Infinitum says its low-carbon air-core motors are more energy efficient and half the weight and size of conventional motors for industrial equipment, cars, aircrafts and buildings.
By replacing the heavy iron and copper components, Infinitum is able to reduce the noise and vibration. “Our revolutionary motor systems offer a path forward to reduce electricity demand and carbon footprint,” said Infinitum’s Ben Schuler.
Infinitum says it has over $900 million in potential orders from heavy industry, manufacturing, HVAC and transportation companies.
The Series D round, backed by Cottonwood Technology Fund, Chevron Technology Ventures and Energy Innovation Capital, brings the company’s total raised to $135 million.
Separately, Washington, D.C.-based Inspiration raised $215 million to provide financing, leasing and charging infrastructure services for commercial fleets of electric vehicles.
Portuguese EV charging operator Power Dot secured €150 million ($158 million) from private equity investor Antin Infrastructure Partners to expand its charging network to 7,000 stations by 2025.