Infinitum Electric, an Austin, TX-based developer of lightweight electric motors, closed a $1.8m Series A round of financing.
The round was led by Cottonwood Technology Fund (CTF).
The company, which has received a total of $2.7m in funding to date, intends to use the funds to launch an HVAC-specific, fully-integrated motor and to increase research and development efforts for applications in the Electric Vehicle and Oil and Gas markets.
Led by Ben Schuler, CEO, Infinitum Electric develops high-efficiency lightweight and cost-effective electric motors, built with patented printed circuit board (PCB) stator technology and integrated control systems.
The company works with global motor and generator manufacturers and other industrial OEMs to customize its technology for specific applications and market segments. Infinitum will initially focus on air moving applications in the HVAC industry, with partnerships with some of the industry’s biggest players currently underway.
FinSMEs
10/01/2019