infiniRel Wefunder Campaign Reaches $126,850 With Investment from American Wire Group
Summary
A portion of the investment was designated for infiniRels Wefunder Campaign bringing that raise to $126,850 to date.infiniRel is part of mHUBs 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 AWGs cables to utilities to power our homes and charge our EVs. "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. AWGs 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. infiniRel was one eight teams chosen from hundreds of global applicants to work with mHUBs state-of-the-art facilities for prototyping, product development and to connect with influential investors. The accelerator program includes a $175,000 investment.infiniRels Inverter Health Scanner is a hardware-enabled, algorithmically driven tool using machine learning to predict power component failures.