Infinitum Secures $35 Million Series E Extension Amid Rapid Growth
NET Power Inc. Class A (NPWR)
Company Research
Source: Business Wire
Funding to accelerate company growth and drive decarbonization with sustainable, high-efficiency motor systems AUSTIN, Texas--(BUSINESS WIRE)--Infinitum, creator of the sustainable air-core motor, today announced it has extended its Series E with $35 million in funding from Marunouchi Innovation Partners and Rice Investment Group. The additional funding brings the company’s total Series E funding to $220 million, and will be used to scale the company to meet customer demand and drive decarbonization.Infinitum’s air-core motor systems can sustainably power energy-intensive applications used in data centers, hospitals and buildings, as well as logistics, manufacturing and industrial facilities with less electricity, carbon emissions and waste.“We believe Infinitum’s sustainable air-core motors are a proven climate tech solution with significant customer traction that can make an immediate impact in reducing electricity consumption across a broad range of applications,” said Ichiro Mi
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