The detection of uncharacterized events during electromechanical systems operation represents one of the most critical data challenges dealing with condition-based monitoring under the Industry 4.0 framework. Thus, the detection of novelty conditions and the learning of new patterns are considered as mandatory competencies in modern industrial applications. In this regard, this study proposes a novel multi-fault detection and identification scheme, based on machine learning, information data-fusion, novelty-detection and incremental learning. First, statistical time-domain features estimated from multiple physical magnitudes acquired from the electrical motor under inspection are fused under a feature-fusion level scheme. Second, a selforganizing map structure is proposed to construct a data-based model of the available conditions of operation. Third, the incremental learning of the condition-based monitoring scheme is performed adding self-organizing structures and optimizing their projections through a linear discriminant analysis. The performance of the proposed scheme is validated under a complete set of experimental scenarios and results compared with a classical approach.