Tech Company Financing Transactions
H3X Technologies Funding Round
Infinite Capital, Cubit Capital and Hanwha Holdings participated in a $20 million Series A funding round for H3X Technologies. The funding round was announced on 8/6/2024.
Transaction Overview
Company Name
Announced On
8/6/2024
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Series A
Investors
Proceeds Purpose
With the funding, the company plans to expand production and bring its next-generation, multi-sector class of integrated motor drives to the market (HPDM-350, HPDM-1500, and HPDM-2300).
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
410 S Arthur Ave
Louisville, CO 80027
USA
Louisville, CO 80027
USA
Phone
Undisclosed
Website
Email Address
Overview
Our mission at H3X is to develop the most advanced electric motors in the world to enable sustainable aviation and decarbonize the marine and industrial sectors. For electric aircraft to be commercially feasible, substantial improvements need to be made to electric propulsion system technology. Today, best-in-class motors and inverters have a combined power density of 3-4 kW/kg. ARPA-E has determined that for a Boeing 737 to complete a typical five hour flight, the propulsion system must be >12 kW/kg continuous.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jason Sylvestre
Chief Technical Officer
Max Liben
President
Eric Maciolek
Browse more venture capital transactions:
Prev: 8/6/2024: Seeq venture capital transaction
Next: 8/6/2024: Nob Hill Therapeutics venture capital transaction
Share this article
About Our VC Transactions Data
We do our best to record funding rounds that are announced publicly. All VC database entries reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs