Announced
Completed
Synopsis
Just Climate, an investment business that focuses on climate solutions, led a $185m Series E round in Infinitum, a creator of the sustainable air-core motor, with participation from Galvanize Climate Solutions, NGP, Alliance Resource Partners, Rockwell Automation, Riverstone, Chevron Technology Ventures, Cottonwood Technology Fund and Ajax Strategies. “We believe replacing millions of outdated, single-speed motors with higher-efficiency, variable speed motors is key to helping the industrial sector meet sustainability objectives and solving the net zero challenge. Infinitum’s motors are a disruptive, high-impact solution that can be produced at scale and easily implemented to benefit industry through reduced energy consumption and waste. We’re pleased to welcome Infinitum’s team to our portfolio of climate-focused companies and be a part of their growth journey," Benoit Grobon, Just Climate Director.
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