An inner rotor type motor includes a base having a pivotal portion. A stator is mounted to the base and includes a body and a coil unit engaged with the body and surrounding a hole of the body. A rotor includes a rotatable member, a shaft, and a permanent magnet. The rotatable member includes an engaging portion and a sidewall provided along a periphery of the engaging portion extending into the hole of the stator. The shaft includes an end coupled to the engaging portion. The other end of the shaft is coupled to the pivotal portion. The permanent magnet is mounted to an outer periphery of the rotatable member and aligned with the coil unit. The axial length of the shaft without the permanent magnet mounted thereto can be reduced, allowing reduction of axial heights of the motor and a heat dissipating fan utilizing the motor.