Monday, January 14, 2019

Infinitum Electric Find $1.8M

Austin-based Infinitum Electric, which is developing electric motor technology aimed at the electric vehicle (EV) and oil and gas markets, said last week that it has raised $1.8M in a Series A funding round. The funding was led by Cottonwood Technology Fund. According to Infinitum, the new funding will go towards launching a new, fully-integrated motor used for heating, ventilation, and air conditioning (HVAC). The company says it has now raised $2.7M in funding. The company says its technology is based on printed circuit board (PCB) stator technology and integrated control systems. Infinitum Electric is led by CEO Ben Schuler.