Form Energy Raises $450M in Series F
Form Energy has successfully raised $450M in a Series F at a $1.2B valuation led by TPG Rise Climate, Canada Pension Plan Investment Board, ArcelorMittal, Breakthrough Energy Ventures, Capricorn Investment Group.
Company Overview
Form Energy is a Energy Storage company headquartered in 12 Gill Street, Somerville, MA 02143, founded in 2017 with 300+ employees.
Long-duration energy storage
Fundraising Details
- Amount Raised: $450M
- Round Type: Series F
- Valuation: $1.2B
- Date: 2024-05-16
- Investors: TPG Rise Climate, Canada Pension Plan Investment Board, ArcelorMittal, Breakthrough Energy Ventures, Capricorn Investment Group
About Form Energy
Long-duration energy storage The company is positioned in the Energy Storage sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 12 Gill Street, Somerville, MA 02143
- Founded: 2017
- Team Size: 300+
- Industry: Energy Storage
What This Means
This funding round demonstrates strong investor confidence in Form Energy's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Energy Storage sector continues to attract significant investment as companies innovate to meet evolving market demands. Form Energy's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.2B valuation marks an important milestone for Form Energy, positioning the company among notable players in the Energy Storage industry.
Looking Ahead
With this new capital, Form Energy is well-positioned to execute on its growth strategy and continue building innovative solutions in the Energy Storage space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-05-16. For more information about Form Energy, visit their headquarters at 12 Gill Street, Somerville, MA 02143.
