Infinitum Secures $185 Million Series E Funding Led by Just Climate to Catalyze Industrial Decarbonization with High-Efficiency, Sustainable Motors
Infinitum , creator of the sustainable air-core motor, today announced $185 million in Series E funding led by Just Climate with participation from Galvanize Climate Solutions and NGP.
- Infinitum , creator of the sustainable air-core motor, today announced $185 million in Series E funding led by Just Climate with participation from Galvanize Climate Solutions and NGP.
- In the US industrial sector, motors alone consume nearly 70% of total electricity used to power numerous core industrial applications, such as compressors, pumps, fans and material processing and handling equipment.
- Manufacturing and servicing Infinitum motors is less carbon intensive than traditional motors and the motor’s modular design allows components to be reused multiple times.
- Evercore acted as the exclusive placement agent for Infinitum in connection with this capital raise.