On November 8, 2022, Austin-based Infinitum, a creator of sustainable, breakthrough air core motors, announced that it had completed a $30 million capital raise to expand and automate assembly at its facility in Mexico. The new capital comes from Riverstone Holdings Latin America, Alliance Resource Partners, Caterpillar Venture Capital and Cottonwood Technology Fund. The firm advised Infinitum on the transaction.

Infinitum plans to use the proceeds to fully automate assembly at its 65,000 square-foot facility, which will expedite commercial and industrial motor production and help it meet a significant increase in demand. The company said that electric motors now use more than half of the world’s electricity, and the industry segment alone accounts for 38 percent of this. Infinitum said its motor is 50 percent smaller and lighter, uses 66 percent less copper and no iron while using 10 percent less energy.

The Wilson Sonsini team that represented Infinitum included Brian Dillavou, Kimball Smith, and Vickie Wang.

For more information, please see Infinitum’s press release.