Chevron Technology Ventures Includes Infinitum Electric in Future Energy Fund
Chevron Technology Ventures (CTV), an organization that advocates for the development and integration of innovative technologies into the Chevron Corporation, has included Infinitum Electric in its Future Energy Fund.
CTV’s Future Energy Fund is a low-carbon initiative aimed at helping to diversify energy sources around the world. “Investments from the Future Energy Fund are expected to focus on disruptive technologies across the energy landscape that reflect the company’s commitment to both lower emission energy sources and lower emissions from oil and gas,” states a June 2018 press release from CTV.
This Series B financing will allow us to expand our talents, focusing on research and development, engineering, supply chain, and production. The funds also give us the opportunity to open our new headquarters and manufacturing facility near Austin, TX.
“Infinitum’s mission aligns well with our goals for the Future Energy Fund,” said Barbara Burger, President, CTV. “The purpose of the Future Energy Fund is to invest in breakthrough energy technologies that reflect Chevron’s commitment to lower emission energy sources and that are integral to low-carbon and efficient value chains.”
Our mission, to disrupt the way electric machines consume and create electricity, has the great potential to completely change the energy industry.
“With this latest round of funding, we’re well positioned to replace traditional motors with our breakthrough motor technology, resulting in a smaller, smarter and more efficient offering for thousands of end users,” said CEO, Ben Schuler.
Our next-generation electric motors exceed the current industry standard, IE5, efficiency level. The unique design is easily customized, less expensive, lighter, more durable than traditional electric motors, and features enhanced IoT connectivity.