H3X Closes $20M to Advance Electric Motors

H3X, a leading manufacturer of high power density electric motors, has closed a $20 million Series A funding round. This investment will drive the company's mission to innovate and expand its technology across multiple industries.

• Key Investors: The funding round was led by Infinite Capital, with participation from Hanwha Asset Management, Cubit Capital, Origin Ventures, Industrious Ventures, Venn10 Capital, and existing investors like Lockheed Martin Ventures.

• Compact Powerhouses: H3X's electric motors are significantly smaller than traditional motors for the same power output, making them ideal for space-sensitive industries like drones and small aircraft.

• Versatile Motors: H3X's motors can act as both motors and generators, simplifying hybrid powertrains and increasing efficiency, while their modular design allows for stacking to achieve higher power levels, making them suitable for larger aircraft.

• Diverse Applications: H3X has contracts in aerospace, marine, and military sectors, powering drones, small aircraft, and marine racing setups.

• Revenue and Expansion: H3X aims to quintuple its revenue this year and achieve profitability by 2026, with the $20 million funding supporting hiring and facility expansion.

H3X is poised to drive significant change in the electric motor industry, setting new standards for efficiency and compact power in aerospace, marine, and other sectors.