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Synopsis
Investment firms Riverstone, Alliance Resource Partners, Caterpillar Venture Capital and Cottonwood Technology Fund led a $30m funding round in Infinitum Electric, creator of the sustainable, breakthrough air core motor. "The world is increasingly moving towards electrification, which feeds the demand for more efficient electric motors and helps reduce greenhouse gas emissions across heavy industry, manufacturing, and HVAC applications. We’re excited to expand our investment in Infinitum, as part of our decarbonization strategy, so they can speed assembly and production in Mexico for their motors that are better for the planet," Juan P. Visoso, Riverstone Managing Director.
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