Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Infinitum Electric to Bring Disruptive New Motor to Market with Funds from Chevron and Others

HVAC
Infinitum Electric brings electric motor to market

Infinitum Electric to Bring Disruptive New Motor to Market with Funds from Chevron and Others

Contributor: Infinitum Electric

Infinitum Electric, an electric motor startup that is leveraging its patented printed circuit board (PCB)-based stators to reinvent the way the electric motor is designed, has secured $12.5 million in a Series B round of funding led by Cottonwood Technology Fund (CTF) and includes participation from Chevron Technology Ventures (CTV), AJAX Strategies and other individual investors. This follows a successful Series A round completed in January, bringing total funding to $15.2 million. 

Infinitum will use the new funds to hire in the areas of research and development, engineering, supply chain and production and to open its new global Headquarters and manufacturing facility in the Austin, Texas area. With six patents in hand and a further 15 pending, Infinitum’s motor technology provides advantages in a wide range of market segments and pump applications, including in HVAC, oil and gas, and aerospace. Infinitum’s initial focus is on 1HP to 30HP commercial and industrial air-moving applications in the HVAC space. Ultimately, the unique modularity of Infinitum’s motors allows the company to address power ranges from 100HP to 1,000HP and beyond.  

“Since participating in the Series A round in December, we’ve seen Infinitum advance tremendously. They’ve added key leaders to the team, signed multiple customer contracts and are prepared to ramp their own manufacturing facility,” said Dave Blivin, managing director, CTF. “We’re proud to have led the Series B round, and we’re excited to see Infinitum attract the support of leading investors who will further enhance their success in the growing electric motor industry — one that is ripe for the type of disruptive innovation Infinitum provides.” 

“Our patented motor technology will completely transform the electric motor market, a market that has changed very little since inception more than 100 years ago,” said Ben Schuler, CEO, Infinitum Electric. “With this latest round of funding, we’re well positioned to replace traditional HVAC motors with our breakthrough motor technology, resulting in a smaller, smarter and more efficient offering for thousands of HVAC end users.”

“Infinitum’s mission aligns well with our goals for the Future Energy Fund,” said Barbara Burger, President, Chevron Technology Ventures. “The purpose of the Future Energy Fund is to invest in breakthrough energy technologies that reflect Chevron’s commitment to lower emission energy sources and that are integral to low-carbon and efficient value chains.”

Infinitum’s electric motor efficiency exceeds IE5 efficiency, a standard that the industry today considers to be the highest efficiency class. In addition, the customizable design of Infinitum’s motors allow for greater optimization than any other electric motor, resulting in up to 25 percent lower costs, up to 60 percent less weight, as well as superior durability and enhanced IoT connectivity.

Related Articles

Related Whitepapers

Design Optimization of Jet Fuel Pump for Aviation

Jet fuel pumps play a critical role in the safe and efficient operation of commercial aviation. The performance and reliability of these pumps directly impact…

The Cost Of Downtime In Manufacturing [Infographic]

Downtime can be the most expensive element of any manufacturing operation. Here are some important facts and tips you should know to cut down on…

AFT Fathom used to Model Central Heating Cycle of a State-of-the-art Combined Heat and Power Plant

Kerem Algüzey, design engineer at ENKA Insaat ve Sanayi A.S., used AFT Fathom to simulate the central heating cycle to inform the design of the…

Driving Energy Savings a Commercial Facility Energy Upgrade Project

Upgrading to Design Envelope pumps helped GAC save energy costs of 20,000 AED in the first year. Armstrong’s Pump Manager service provides reports and notifications…

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *