Infinitum Raises $185M to Advance Sustainable Motor Tech
Infinitum, a sustainable air-core motor provider, has raised $185M in Series E funding. Just Climate led the round with participation from Galvanize Climate Solutions, NGP, Rockwell Automation, and others. This brought the total funding to $350 million.
Globally, motors are the largest energy consumers, responsible for 53% of the world’s electricity usage. Industrial motors alone account for nearly 70% of the total electricity consumption in the United States.
“Our talented team has worked to deliver an award-winning motor that can power the world’s industrial applications with less energy, material and waste to make a positive impact on our planet today and serve generations of the future,” said Ben Schuler, founder and CEO, Infinitum.
Infinitum’s air-core motors use a built-in variable frequency drive to minimize energy consumption by running at lower speeds when feasible.
Source: Infinitum
Traditional motors operate at a fixed speed, leading to significant energy wastage when loads vary. As the industrial sector grows and shifts towards electrification, adopting higher-efficiency, variable-speed motors is imperative to tackle energy consumption and emissions.
Infinitum’s technology has the following benefits:
- These motors are 50% smaller and lighter than their traditional counterparts.
- They utilize 66% less copper, reducing material usage.
- Unlike traditional motors, they have no iron in the stator.
- They consume 10% less energy compared to conventional motors.
Infinitum’s motor tech can save up to 127 terawatt-hours annually in the US, cutting 90.2 million metric tons of CO2 emissions. Hence, the company promotes decarbonization efforts and sustainability goals. Moreover, Rockwell Automation and Infinitum are partnering to create solutions aligned with Rockwell’s industrial automation. This partnership aims to make sustainable motor systems more accessible to industrial clients, reducing energy consumption, operating costs, and material waste.
