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Santa Fe firm leads $12.5M funding round for new kind of electric motor

Infinitum Electric Inc. announced Dec. 5 that it had raised a series B funding round of $12.5 million. Santa Fe-based Cottonwood Technology Fund led the round, which included participation from Chevron Technology Ventures, AJAX Strategies, as well as other individual investors.

The company makes electric motors used in heating, ventilation and air conditioning,…

Source: The Business Journal

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