US electrofuels provider Infinium on Thursday said it has closed the first tranche of a Series C Preferred Stock fundraise led by Brookfield Asset Management (<a href="https://www.nyse.com/quote/XNYS:BAM" target="_blank">NYSE:BAM</a>, <a href="https://money.tmx.com/en/quote/BAM" target="_blank">TSX:BAM</a>), which in September 2024 <a href="https://renewablesnow.com/news/brookfield-agrees-to-pour-usd-1-1bn-into-infiniums-efuels-platform-868338/" target="_blank">committed to invest</a> up to USD 1.1 billion (EUR 1.07bn) into the company.