Infinitum Electric Raises $80M in Series D Funding

Texas-based Infinitum Electric announced $80 million in Series D funding to scale motor production in line with increasing demand. Infinitum Electric will use the investment to vertically integrate and automate the production of its motors for the commercial and industrial market segments, and complete the 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.

The round was led by Riverstone Holdings, with Alliance Resource Partners, Applied Ventures, the venture capital arm of Applied Materials, and existing investors Cottonwood Technology Fund, Chevron Technology Ventures, Aventurine Partners, Energy Innovation Capital, and Ajax Strategies taking part in the company’s total funding to date to $135 million. 

Since the inception of its IEs Series of motor systems in 2020, Infinitum Electric has secured customer agreements with more than $900 million in potential orders across a wide variety of companies in heavy industry, manufacturing, HVAC, and transportation that aim to reduce energy and emissions with smaller, lighter, quieter, higher-efficiency motors.

“As industrial equipment, cars, aircraft, and buildings are rapidly electrifying, our revolutionary motor systems offer a path forward to reduce electricity demand and carbon footprint,” said Ben Schuler, Founder & CEO, Infinitum Electric. “Partnering with Riverstone Holdings, Alliance Resource Partners, and our other new and existing network of investors representing leaders in the energy, semiconductor, and industrial sectors puts us in a strong position to scale production, deliver product, and impact how the world sustainably consumes and generates power for the next generation.”.