ESG Today reports that the Series E round was led by Just Climate with participation from Galvanize Climate Solutions and NGP. The total funding received so far by Infinitum amounts to 350 million USD.

IEA (International Energy Agency) experts report that motors are some of the largest energy consumers in the world, as they account for 53% of the world's energy, thus, more energy efficient alternatives are required for the future of green economy.

2016-founded Infinitum developed a new generation of industrial motors with a variable frequency drive (VFD), which reduces energy usage, as it is able to run the motor at lower speeds whenever that's possible. Compared to traditional motors, Infinitum's model is 50% smaller and lighter, uses 66% less copper and is 10% more energy efficient, which means that it saves on resources, as well as energy.

Also, the motor's circuit board is said by the company's engineers to be up to ten times stronger.

Ben Schuler, founder and CEO at Infinitum, said that "our team has worked to deliver an award-winning motor that can power the world’s industrial applications with less energy, material and waste to make a positive impact on our planet today and serve generations of the future."

Infinitum officials also said that the company is currently working with Rockwell Automation on a motor made to work with Rockwell's automated solutions for various industries.