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

A Round Rock, Texas, technology startup is making some waves as it tries to shake up the somewhat staid field of electric motor production.

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