Infinitum, the pioneer behind sustainable air-core motors, concludes 2023 on a high note, announcing three strategic executive appointments aimed at fortifying its leadership team. Bhavnesh Patel assumes the role of Chief Strategy Officer, bringing over two decades of industry experience to drive long-term planning and revenue growth strategies. Joining Patel, Paulo Guedes-Pinto steps into the Chief Technology Officer position, leveraging three decades of engineering leadership in motors and drives to oversee R&D and technical operations. Additionally, Mike DiNucci, known for scaling hyper-growth companies, joins as Chief Revenue Officer, aligning revenue generation activities.
Throughout the year, Infinitum achieved notable milestones, securing a substantial $185 million in Series E funding to expand operations, meet increased customer demand, and contribute to industrial decarbonization efforts. The company witnessed a fivefold surge in revenue and unit volumes compared to the previous year. Manufacturing advancements included the expansion and automation of a production facility in Mexico, complemented by the strategic acquisition of Circuit Connect, Inc., bolstering the production capacity of PCB stators. Noteworthy partnerships were formed with industry giants like Rockwell Automation, Inc. and Infineon Technologies, focusing on developing and distributing high-efficiency motor technology.
Infinitum’s innovation introduced groundbreaking solutions such as Aircore Mobility for electric vehicles and a specialized EC motor tailored for data center cooling applications. These innovations received significant industry recognition, including CES Innovation Honoree designations, a Gold Edison Award, and various accolades acknowledging sustainability and innovation. Ben Schuler, Founder and CEO of Infinitum, expressed pride in the company’s 2023 achievements, emphasizing their commitment to advancing sustainable technology and outlining plans for further investments in innovation, manufacturing, and expansion to meet anticipated demands in 2024.
