On November 1, 2023, Infinitum, an Austin, TX-based provider of a sustainable air-core motor, announced $185 million in Series E funding led by Just Climate with participation from Galvanize Climate Solutions and NGP. Existing investors including Alliance Resource Partners (NASDAQ: ARLP), Rockwell Automation (NYSE: ROK), Riverstone Holdings, Chevron Technology Ventures, Cottonwood Technology Fund and Ajax Strategies also participated in this round, bringing total funding to-date to $350 million. Wilson Sonsini Goodrich & Rosati provided legal counsel to Infinitum for this transaction.

The company intends to use the funds to increase production to meet customer demand and drive decarbonization in the industrial sector.

The Wilson Sonsini team that advised Infinitum on the transaction included Brian Dillavou, Kimball Smith, and Vickie Wang.

For more information, please see Infinitum's news release. Additional coverage can be found on Reuters.