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

Infinitum Overview

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

United StatesAustin, TX

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

Infinitum valuation by funding round
DateStageValuation
Jul 2024Series E$538M
Nov 2023Series 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

Infinitum funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2024Series ERice Investment Group; Marunouchi Innovation Partners$35M$538MInfinitum 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 2023Series EJust Climate (lead); Alliance Res Partners; Riverstone; Ajax Strategies; Chevron Technology Ventures; Rockwell Automation; Galvanize Climate Solutions; Cottonwood Technology Fund$221M$614MInfinitum 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 2022Series DAlliance 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 2022Series DRiverstone (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 2021Series CEnergy 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 2019Series BCottonwood 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 2019Series ACottonwood Technology Fund (lead)$2M--
Nov 2017Seed-$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

Investors in Infinitum by funding rounds participated
InvestorHQRoundsRoleFirst check
Cottonwood Technology FundUnited StatesSanta Fe, NM6LeadJan 2019
Ajax StrategiesUnited StatesSt Louis, MO4ParticipantDec 2019
Chevron Technology VenturesUnited StatesHouston, TX4ParticipantDec 2019
Alliance Res PartnersUnited StatesTulsa, OK3ParticipantMay 2022
RiverstoneUnited StatesNew York City, NY3LeadMay 2022
Rockwell AutomationUnited StatesMilwaukee, WI3ParticipantMay 2021
Energy Innovation CapitalUnited StatesSan Francisco, CA2LeadMay 2021
Caterpillar VenturesUnited StatesSan Francisco, CA2ParticipantMay 2022
Applied VenturesUnited StatesSan Jose, CA1ParticipantMay 2022
Rice Investment GroupUnited StatesPittsburgh, PA1ParticipantJul 2024
Marunouchi Innovation PartnersJapanTokyo1ParticipantJul 2024
Aventurine PartnersUnited StatesHouston, TX1ParticipantMay 2022

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions 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

Circuit Connect
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 CountryUnited States
HQ City
Nashua, NH
Deal Date18 Apr 2023
Valuationundisclosed
EV/Revenue
EV/EBITDA

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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.

Public and private companies comparable to Infinitum
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
JinkoSolarChinaChinaPublicly listed$9.8B($44M)$564M0.6x
Array TechnologiesUnited StatesUnited StatesPublicly listed$1.3B$34M$650M1.1x
Canadian SolarUnited StatesUnited StatesPublicly listed$5.6B$546M$798M1.5x
Alfa SolarTurkeyTurkeyPublicly listed$169M$10M$256M-
8 RiversUnited StatesUnited StatesPrivate--$833M-
Electric HydrogenUnited StatesBoston, MAPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CW Enerji$336M$74M2.2x-10.0x-
Schoeller-Bleckmann$524M$82M1.3x1.3x8.3x9.0x
Chrysos Corp.$63M$19M8.9x8.5x29.1x26.6x
Core Laboratories$527M$71M1.3x1.3x9.4x11.0x
NYAB$630M$41M0.8x0.7x12.3x9.8x
Clobot$30M($2M)16.3x17.6x(290.8x)-
Robostar$55M($3M)9.7x-(160.9x)-
JinkoSolar$9.8B($44M)0.6x0.6x(139.6x)25.8x

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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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