Chevron Technology Ventures has invested in an electric motor manufacturer that aims to disrupt the oil and gas and other industries. 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, technology developer Infinitum Electric reported Thursday. CTV invested in Infinitum through the firm’s latest round of financing, which raised $12.5 million and was spearheaded by Cottonwood Technology Fund (CTF), according to Infinitum, 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 […]