Today we are announcing that we have officially closed our $20M Series A funding round!
The round was led by Infinite Capital, with participation from Hanwha Asset Management Co., Ltd., Cubit Capital, Origin Ventures, Industrious Ventures, Venn10 Capital, LP, and follow-on investors that include Lockheed Martin, Metaplanet, Liquid 2 Ventures, and TechNexus Venture Collaborative.
This funding will primarily be used to:
1. Scale up production and operations to deliver on some very large aerospace and defense contracts in our pipeline.
2. Finish development of our megawatt-class machines.
3. Continue to improve the robustness and reliability of our core technology through endurance, thermal cycling, and accelerated aging testing.
We couldn't have reached this point without an amazing group of customers, advisors, investors, partners, and most of all, everyone at H3X.
While we're celebrating this milestone, we will not rest on our laurels and will continue to push at a relentless pace towards our mission of becoming the world leader in electric motors to enable sustainable aviation, decarbonize the marine and industrial sectors, and unlock next-generation electrified defense technology.
For more on today's announcement, follow the link in comments.
Bicycle Tech & EV Powertrains @ Gremot Mobility
8moClear Housing is made of Acrylic?