Using the phrase "disruptive technology" seems a bit of hyperbole but what do I know.
From Rigone, again:
Chevron Technology Ventures (CTV) has invested in an Austin, Texas-based manufacturer of spark-proof electric motors that aims to disrupt the oil and gas and other industries.
CTV invested in Infinitum through the firm’s latest round of financing, which raised $12.5 million and was spearheaded by Cottonwood Technology Fund which plans to use the fresh capital to hire more employees and open a new headquarters and manufacturing facility in Austin.
Infinitum’s growth plans hinge on bringing to market its lightweight, printed circuit board stator technology-based electric motors. It contends the motors – to be marketed for various oil and gas, aerospace and heating, ventilation and air conditioning (HVAC) applications – offer very high efficiency and durability and are Internet of Things (IoT)-enabled.
“Our patented motor technology will completely transform the electric motor market, a market that has changed very little since inception more than 100 years ago,” commented Ben Schuler, Infinitum’s CEO.
" ... will completely transform the electric motor market." So, we'll see.
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