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Energy Investors Back Startup That Halves Electric-Motor Size, Weight

Infinitum Electric draws $80 million funding round to expand production and complete EV motor development.

Infinitum Electric motor system

Infinitum Electric motor system

Source: Infinitum Electric

Infinitum Electric, an electric motor maker based in Texas, has attracted $80 million in investment from several major energy-focused firms, enabling it to boost production.

Electric motors are the ubiquitous workhorses of modern life that the International Energy Agency in 2016 estimated consume 53% of the world’s electricity generation. They drive everything from computer and refrigerator fans to irrigation pumps, washing machines, golf carts and heavy-duty trucks. Motors may propel 30% of industrial electricity demand growth by 2040, Deloitte analysts wrote in 2020.