Infinitum Electric, a developer of electric motors, has closed a $1.8 million Series A financing round, bringing its total funding to $2.7 million. The company says it will use the funding to launch an HVAC-specific, fully-integrated motor and increase research and development efforts for applications in the EVs and Oil and Gas markets.
Infinitum credits its printed circuit board (PCB) stator technology for electric motors with efficiency above IE5, the industry’s highest efficiency class. The company works with motor and generator manufacturers to customize its technology for specific applications.
“Our patented circuit board stator is what sets us apart and positions us well for success,” said Infinitum CEO Ben Schuler. “The electric motor market is a $150 billion industry annually and many markets within the industry are trying to consume and create power more efficiently. Some markets, like EVs, are in the process of electrifying completely.”
Source: Infinitum Electric