In February 2022, REL announced a $20 million investment in Infinitum Electric Inc. (“Infinitum”), creator of the breakthrough air-core motor.
Riverstone Holdings led the round with Applied Ventures, the venture capital arm of Applied Materials, Inc. (NASDAQ: AMAT), Alliance Resource Partners and existing investors Cottonwood Technology Fund, Chevron Technology Fund, Aventurine Partners, Energy Innovation Capital and Ajax Strategies participating, bringing the company’s total funding to date to $135 million.
Founded in 2018, Infinitum has raised the bar for a new generation of motor that is better for the planet and people. The company’s patented air-core motors offer superior performance in half the weight and size, at a fraction of the carbon footprint of traditional motors, making them pound for pound the most efficient in the world. Infinitum motors open up sustainable design possibilities for the machines we rely on to be smaller, lighter and quieter, improving our quality of life while also saving energy. Based in Austin, Texas, Infinitum Electric is led by a team of industry experts and pioneers.
Find out more on the Infinitum website.