Infinitum Raises $185M Series E to Decarbonize the Industrial Sector

The company developed air-core motors that consume less energy than traditional motors.

Published on Nov. 01, 2023
Infinitum Raises $185M Series E to Decarbonize the Industrial Sector
Some workers stand on a hydraulic lift in front of a data center.
Photo: Infinitum

Infinitum, an Austin company that developed sustainable air-core motors, has secured $185 million in Series E funding led by Just Climate. The funding round brings the Infinitum’s total capital raised to $350 million and will go toward expanding the company and increasing production. The company works to drive decarbonization in the industrial sector, which is one of the largest emitters of greenhouse gases.

Motors consume 53 percent of electricity across the globe, according to the International Energy Agency. Furthermore, most motors today waste energy because they only operate at one speed. Infinitum’s air-core motors incorporate a variable frequency drive and are smaller, lighter and more energy-efficient than traditional motors. The implementation of advanced motor technology in the U.S. industrial and commercial sectors has the potential to save 127 terawatt-hours per year. 

To accelerate the adoption of its advanced motors, Infinitum is partnering with Rockwell Automation to develop a motor system that is compatible with Rockwell’s industrial automation solutions. The resulting motor and low-voltage drive solution will be distributed through Rockwell, expanding the product’s reach to global industrial sector clients.

This article was written by Writer, a generative AI tool, using information from press releases and company blogs provided by our staff. All content was reviewed by a Built In editor and went through a fact-checking process to ensure accuracy. Errors can be reported to our team at [email protected].

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