infiniRel Wefunder Campaign Reaches $126,850 With Investment from American Wire Group

CHICAGO, Sept. 14, 2022 /PRNewswire/ -- infiniRel received a significant investment in their renewable energy startup from American Wire Group (AWG), the nation's leading supplier of cable and wire products for renewable energy and electrical utilities. A portion of the investment was designated for infiniRel's Wefunder Campaign bringing that raise to $126,850 to date.

infiniRel is part of mHUB's Climate and EnergyTech Accelerator for startups and is developing preventive diagnostics to improve the output, efficiency, and reliability of power electronics (inverters) at renewable energy plants. 

Joshua Dorfman, President of AWG, said, "The output of inverters, that infiniRel safeguards, travels through AWG's cables to utilities to power our homes and charge our EVs. infiniRel's revolutionary technology will increase this output at existing renewable energy plants. Increasing the reliability of the grid and preventing blackouts is the shared mission of our two companies. Our investment is one part of the important relationship we are building with infiniRel."

Bert Wank, CEO at infiniRel, agreed, "Increasing the reliability and profitability of renewable energy plants is good for both of our businesses and for our world. AWG's extensive manufacturing expertise, and vendor and customer relationships in the renewable energy sector, will benefit our product development cycle and give us better market access. AWG have been in the renewable energy sector for over 20 years and understand the scope of the problem our technology solves."

infiniRel is based in Santa Cruz, California. Wank is at mHUB in Chicago until December to participate the hands-on accelerator focused on hardtech product development and commercialization. infiniRel was one eight teams chosen from hundreds of global applicants to work with mHUB's state-of-the-art facilities for prototyping, product development and to connect with influential investors. The accelerator program includes a $175,000 investment.  

infiniRel's Inverter Health Scanner is a hardware-enabled, algorithmically driven tool using machine learning to predict power component failures. Like an electrocardiogram (EKG) for your heart, stress signals are used to calculate an overall risk score and provide a corrective prescription.

infiniRel's Wefunder campaign is ongoing. Wefunder is equity crowdfunding service which connects startups with investors online. Both accredited and non-accredited investors can invest.

Wank added, "Anyone can invest into a reliable and affordable renewable energy future through our Wefunder Campaign."

Find out more about infiniRel here: https://www.infinirel.com/
Connect to them on LinkedIN or through Wefunder https://wefunder.com/infinirel

SOURCE infiniRel Corporation