On May 17, 2022, Infinitum Electric Inc. closed the transaction. The round of funding led by new investor Riverstone Holdings LLC. The transaction included participation from new investors Alliance Resource Partners, L.P., Applied Ventures, LLC, returning investors Cottonwood Technology Fund I, L.P., a fund managed by Cottonwood Capital Partners, LLC, Chevron Technology Ventures L.L.C., Aventurine Partners, Energy Innovation Capital, Ajax Strategies LLC.

The company raised $77,499,956 pursuant to regulation D from 22 investors in the transaction.