Chevron Technology Ventures Invests in Sustainable Air-Core Motor Creator Infinitum

Just Climate led the Series E funding round with participation from Galvanize Climate Solutions and NGP. In addition to Chevron, other participating existing investors included Alliance Resource Partners, Rockwell Automation, Riverstone Holdings, Cottonwood Technology Fund and Ajax Strategies.

The raised funds are expected to be put toward expanding the company and increasing production to meet customer demand and drive decarbonization in the industrial sector, according to a company press release.

To learn more about the investment, click here.

The Pillsbury deal team included Corporate partner Christina Pearson, counsel Paul Casas and associate Kristin Garr.