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- Infinitum
Infinitum Valuation, Funding & Investors
Infinitum is valued at $538M as of July 2024.
Last Infinitum valuation
$538M
Series E · Jul 2024
Last Infinitum funding round
$35M
Series E · Jul 2024
Cumulative funding Infinitum raised
$424M
across 8 funding rounds
Key investors in Infinitum
Cottonwood Technology Fund
Chevron Technology Ventures
Ajax Strategies
Riverstone
Rockwell Automation
Alliance Res Partners
About Infinitum
Infinitum is a motor manufacturer producing compact, lightweight, quiet electric motors surpassing conventional efficiency standards. The designs reduce carbon footprints across lifecycles for applications in appliances, HVAC, and industrial equipment.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$538M (Jul 2024)
Infinitum Valuation
Infinitum is currently valued at $538M, based on its Series E in July 2024.
The $35M round included Rice Investment Group and Marunouchi Innovation Partners.
Infinitum's valuation has moved from $614M at its Series E in November 2023 to $538M in July 2024, across 2 priced rounds.
Infinitum valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2024 | Series E | $538M |
| Nov 2023 | Series E | $614M |
Infinitum Funding History
Infinitum has raised a total of $424M across 8 funding rounds.
Infinitum's first fundraising round was a $900K seed round in November 2017. The most recent completed round was a $35M Series E in July 2024.
Infinitum funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2024 | Series E | Rice Investment Group; Marunouchi Innovation Partners | $35M | $538M | Infinitum Electric, based in Austin, Texas, develops sustainable air-core motor systems that are 50% smaller and lighter, use 66% less copper, and consume 10% less energy than traditional motors, targeting decarbonization in data centers, HVAC systems, hospitals, buildings, logistics, manufacturing, and industrial facilities. The company extended its Series E funding round on July 16, 2024, with $35 million from Marunouchi Innovation Partners and Rice Investment Group, bringing the total Series E to $220 million following an initial $185 million in late 2023. Funds will scale production, meet customer demand, strengthen manufacturing with more lines and automation, and support expansion into industrial use cases co-developed with leading companies. Infinitum's motors address the 53% of global electricity consumed by electric motors, gaining traction in data centers for energy-efficient HVAC and higher server density. Investors include Cottonwood Technology Fund, Chevron Technology Ventures, and others, with plans for North American and European market expansion by 2025. |
| Nov 2023 | Series E | Just Climate (lead); Alliance Res Partners; Riverstone; Ajax Strategies; Chevron Technology Ventures; Rockwell Automation; Galvanize Climate Solutions; Cottonwood Technology Fund | $221M | $614M | Infinitum Electric, an Austin-based sustainable motor technology company, announced a $185 million Series E funding round on November 1, 2023, with a post-money valuation of $613.78 million. The round was led by Just Climate, the climate-focused investment firm established by Generation Investment Management, with participation from Galvanize Climate Solutions, NGP Energy Capital, and major existing investors including Alliance Resource Partners (NASDAQ: ARLP), Rockwell Automation (NYSE: ROK), Riverstone Holdings, Chevron Technology Ventures, Cottonwood Technology Fund, and Ajax Strategies. This raised total funding to date to $350 million across all rounds. The company manufactures high-efficiency, air-core motors designed to reduce energy consumption in industrial applications including compressors, pumps, fans, and material processing equipment. According to the International Energy Agency, motors consume 53% of global electricity and nearly 70% of electricity in the US industrial sector, making Infinitum's technology potentially impactful for industrial decarbonization. The company planned to use proceeds to expand production capacity to meet customer demand from industrial companies including data center operators and logistics center operators. Infinitum projected production of 30,000 motors in 2023 and was establishing manufacturing operations in Mexico to scale output. The funding reflected confidence in the company's proven business model at a time when growth funding for climate technology had significantly declined in 2023, with CEO Ben Schuler noting the challenging funding environment while emphasizing the company's expanding customer base and robust revenue generation supporting continued investor interest. |
| Nov 2022 | Series D | Alliance Res Partners; Riverstone; Caterpillar Ventures; Cottonwood Technology Fund | $30M | - | Infinitum, an Austin-based startup founded in 2016 as Infinitum Electric Inc., develops sustainable air-core electric motors that are smaller, lighter, more efficient, and use less copper and no iron compared to traditional motors, targeting applications in HVAC, manufacturing, data centers, and industrial sectors to reduce energy consumption and emissions. The company rebranded to Infinitum during this period, emphasizing circularity in design for future generations. On November 8, 2022, Infinitum secured $30 million in additional growth capital from existing investors Riverstone Holdings Latin America, Alliance Resource Partners, Caterpillar Venture Capital, and Cottonwood Technology Fund, following an $80 million Series D round about six months earlier, bringing total funding to $168 million. The funds were allocated to expand and fully automate assembly at its 65,000-square-foot production facility in Tijuana, Mexico, where about 20 contractors were active, planning to add 30 more within 12 months to scale production and meet rising customer demand for high-efficiency motors. This investment supported expedited commercial and industrial motor production amid a nearly endless market for industrial applications. Infinitum had been actively raising capital, with this $30M round part of $110M secured in 2022 across two rounds, positioning it among Austin's top-funded tech companies that year. Subsequent developments included a $35M Series E extension in July 2023 from Marunouchi Innovation Partners and Rice Investment Group, increasing Series E to $220M and total funding to about $388M, aimed at further scaling for AI data centers and decarbonization. |
| May 2022 | Series D | Riverstone (lead); Applied Ventures; Alliance Res Partners; Ajax Strategies; Energy Innovation Capital; Chevron Technology Ventures; Rockwell Automation; Aventurine Partners; Caterpillar Ventures; Cottonwood Technology Fund | $80M | - | Infinitum Electric, an Austin, Texas-based company, develops sustainable air-core electric motors that are lighter, smaller, and more efficient than traditional motors, targeting applications in industrial equipment, HVAC, manufacturing, electric vehicles, and electrification to reduce electricity demand and carbon footprints. The Series D funding round on May 17, 2022, raised $80 million led by Riverstone Holdings, with participation from Alliance Resource Partners, Applied Ventures (venture arm of Applied Materials), and existing investors including Cottonwood Technology Fund, Chevron Technology Ventures, Aventurine Partners, Energy Innovation Capital, and Ajax Strategies. Other shareholders include Rockwell Automation and Caterpillar Venture Capital, bringing total funding to $135 million. The investment aims to scale production of these revolutionary motor systems amid rapid electrification trends across commercial, industrial, and consumer markets driven by ESG and energy transition demands. CEO Ben Schuler highlighted the motors' potential to impact sustainable power consumption and generation. Riverstone Holdings' managing director John Staudinger emphasized opportunities in decarbonization for greater performance with reduced carbon footprints. Subsequent developments include $30 million in additional growth capital in November 2022 from Riverstone Holdings Latin America, Alliance Resource Partners, Caterpillar Venture Capital, and Cottonwood Technology Fund to expand and automate production in a 65,000 sq ft facility in Mexico. Later, in 2025, Riverstone Energy committed up to $5.2 million more for working capital, valuing its stake at $16 million as of September 30, 2025, amid a managed wind-down. |
| May 2021 | Series C | Energy Innovation Capital (lead); Ajax Strategies; Chevron Technology Ventures; Rockwell Automation; Cottonwood Technology Fund | $43M | - | Infinitum Electric is an Austin, Texas-based company developing air-core motor technology for efficient electric motors aimed at industrial and energy applications. The company has raised a total of $385.37M across 11 funding rounds as of July 2024, with investors including Ajax Strategies, Chevron Technology Ventures, Cottonwood Technology Fund, Energy Innovation Capital, and Rockwell Automation, among others. Later rounds include a $30M Series D - II on November 8, 2022 with Cottonwood Technology Fund and Riverstone Holdings, a $185M Series E on November 1, 2023 with multiple overlapping investors like Ajax Strategies, Chevron Technology Ventures, Cottonwood, and Rockwell, and a $35M Series E - II on July 16, 2024. Recent activity includes a further commitment of up to $5.2M from Riverstone Energy Limited in January 2026 to support orderly realization of their investment during wind-down. |
| Dec 2019 | Series B | Cottonwood Technology Fund (lead); Ajax Strategies; Chevron Technology Ventures | $13M | - | Infinitum Electric develops ultra-high-efficiency, durable, lightweight, and IoT-enabled electric motors using patented printed circuit board stator technology and integrated motor controls. The company closed a $12.5 million Series B funding round on December 5, 2019, led by Cottonwood Technology Fund, with participation from Chevron Technology Ventures, Ajax Strategies, and other individual investors. This followed a Series A round in January 2019, bringing total funding to $15.2 million at that point. The funds supported ramping up manufacturing and advancing commercialization after signing multiple customer contracts and adding key team leaders. |
| Jan 2019 | Series A | Cottonwood Technology Fund (lead) | $2M | - | - |
| Nov 2017 | Seed | - | $900K | - | - |
Who has invested in Infinitum?
14 investors have backed Infinitum across its funding rounds, including Cottonwood Technology Fund, Chevron Technology Ventures, Ajax Strategies, Riverstone, Rockwell Automation and Alliance Res Partners.
Lead investors include Just Climate, Riverstone, Energy Innovation Capital and Cottonwood Technology Fund.
Infinitum Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 6 | Lead | Jan 2019 | ||
| 4 | Participant | Dec 2019 | ||
| 4 | Participant | Dec 2019 | ||
| 3 | Participant | May 2022 | ||
| 3 | Lead | May 2022 | ||
| 3 | Participant | May 2021 | ||
| 2 | Lead | May 2021 | ||
| 2 | Participant | May 2022 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | Jul 2024 | ||
| 1 | Participant | Jul 2024 | ||
| 1 | Participant | May 2022 | ||
This data is available for Pro users. Sign up to see all 14 Infinitum investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Infinitum
Infinitum has acquired 1 company to date.
Last acquisition by Infinitum was on April 18th 2023. Infinitum acquired Circuit Connect for undisclosed valuation.
Latest Acquisitions by Infinitum
| Description | Circuit Connect is a Minnesota-based manufacturer of ready-to-assemble printed circuit boards for rapid prototyping and low-volume production. The company specializes in high-density interconnect boards, flexible circuits, and rigid-flex assemblies serving industries such as medical, telecommunications, and industrial controls. Circuit Connect offers quick-turn services with assembly kits shipped to customers for final integration, minimizing lead times. Established to support hardware developers, it maintains ISO 9001 certification and operates from facilities in Plymouth. |
| HQ Country | |
| HQ City | Nashua, NH |
| Deal Date | 18 Apr 2023 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Infinitum acquisitions and their M&A valuation multiples. Start Free Trial | |
Infinitum Competitors
Infinitum competitors include listed companies like JinkoSolar, Array Technologies, Canadian Solar and Alfa Solar, and private ones like 8 Rivers and Electric Hydrogen.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $9.8B | ($44M) | $564M | 0.6x | ||
| Publicly listed | $1.3B | $34M | $650M | 1.1x | ||
| Publicly listed | $5.6B | $546M | $798M | 1.5x | ||
| Publicly listed | $169M | $10M | $256M | - | ||
| Private | - | - | $833M | - | ||
| Private | - | - | $1B | - |
Infinitum Public Comps
Infinitum is still privately-owned, but its public comps include CW Enerji, Schoeller-Bleckmann, Chrysos Corp., Core Laboratories, NYAB, Clobot, Robostar, JinkoSolar, Oil States International and Nanjing Bestway.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $336M | $74M | 2.2x | - | 10.0x | - | |||
| $524M | $82M | 1.3x | 1.3x | 8.3x | 9.0x | |||
| $63M | $19M | 8.9x | 8.5x | 29.1x | 26.6x | |||
| $527M | $71M | 1.3x | 1.3x | 9.4x | 11.0x | |||
| $630M | $41M | 0.8x | 0.7x | 12.3x | 9.8x | |||
| $30M | ($2M) | 16.3x | 17.6x | (290.8x) | - | |||
| $55M | ($3M) | 9.7x | - | (160.9x) | - | |||
| $9.8B | ($44M) | 0.6x | 0.6x | (139.6x) | 25.8x | |||
This data is available for Pro users. Sign up to see all Infinitum competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Infinitum
| When was Infinitum founded? | Infinitum was founded in 2016. |
| Where is Infinitum headquartered? | Infinitum is headquartered in Austin, TX, United States. |
| Is Infinitum publicly listed? | No, Infinitum is a private, VC-backed company. |
| What is Infinitum's valuation? | Infinitum was last valued at $538M in its Series E in July 2024. |
| How much funding has Infinitum raised? | Infinitum has raised $424M across 8 funding rounds. |
| What was Infinitum's last funding round? | Infinitum's last funding round was a $35M Series E in July 2024. |
| Who are Infinitum's investors? | Infinitum's investors include Cottonwood Technology Fund, Ajax Strategies, Chevron Technology Ventures, Alliance Res Partners, Riverstone, Rockwell Automation, Energy Innovation Capital, Caterpillar Ventures, Applied Ventures, Rice Investment Group and 4 others. |
| Which companies are comparable to Infinitum? | Companies comparable to Infinitum include JinkoSolar, Array Technologies, Canadian Solar, Alfa Solar, 8 Rivers and Electric Hydrogen. |
| How many companies has Infinitum acquired? | Infinitum has acquired 1 company, including Circuit Connect. |
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