When you run multiple cables in a conduit, all of the surrounding magnetic fields are expanding and collapsing at the same frequency, cancelling each other out, so there are negligible mutual induction effects. But when you involve VFDs, their outputs are NOT at the same frequencies, so they do NOT cancel. It gets real ugly real fast, resulting in motor winding damage, conductor insulation breakdown and possible transistor damage. So the answer to your question as to how many circuit, the answer is 1, unless you use fully shielded BFD cable for each individual motor circuit, with the shielded grounded at both ends.