Marunouchi Innovation Partners
Assembly Line
Infinitum Secures $35 Million Series E Extension Amid Rapid Growth
Infinitum, creator of the sustainable air-core motor, 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.
When compared to traditional motors, the Infinitum motor system consumes 10-65% less energy, is 50% smaller and lighter and uses 66% less copper. Infinitum’s motor systems have an integrated variable frequency drive and can be customized to meet an application’s specific power and torque requirements to reduce strain on the electric grid by drawing less power. Infinitum motor systems use fewer raw materials in manufacturing and modular design allows for motors to be easily serviced, repaired, remanufactured or recycled to keep motors in service and out of landfills.
Boston Metal Secures $20M in Series C2 Funding
Boston Metal, a global metals technology solutions company, today announced a $20 million Series C2 investment from Tokyo-based Marunouchi Innovation Partners. The new funding brings the series total to $282 million.
With this new capital, Boston Metal expands its presence in Asia, a market accounting for more than 70% of the world’s steel production. Additionally, the funding will accelerate the company’s path to commercialization and support its ongoing growth by attracting and retaining top industry talent.
Boston Metal’s Molten Oxide Electrolysis (MOE) technology is a direct, one-step process that can produce high-quality steel from abundant medium- and low-grade iron ores. This flexibility is unique and positions MOE to meet the growing demand for environmentally sustainable steel in various industries. As a platform technology, MOE also allows for the extraction of high-value metals from previously unusable low-concentration materials, like mining waste.