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Energy Storage

ESS Tech

ESS Tech raises $130M PIPE at $400M valuation

10870 SW Boeckman Road, Wilsonville, OR 97070September 19, 20241 min read
Total Raised
$130M
Valuation
$400M
Latest Round
PIPE
Employees
150+

ESS Tech: PIPE Funding Round

ESS Tech has successfully raised $130M in PIPE funding, reaching a valuation of $400M.

Company Overview

Long-duration iron flow batteries

Funding Details

The PIPE round was led by Breakthrough Energy Ventures, with participation from SoftBank Vision Fund, Evok Innovations.

Company Information

  • Headquarters: 10870 SW Boeckman Road, Wilsonville, OR 97070
  • Founded: 2011
  • Employees: 150+
  • Category: Energy Storage

Investment

ESS Tech plans to use the funds to accelerate product development, expand its team, and scale operations globally.

About the Investors

  • Breakthrough Energy Ventures: Verified investor in PIPE
  • SoftBank Vision Fund: Verified investor in PIPE
  • Evok Innovations: Verified investor in PIPE

Company Info

Headquarters
10870 SW Boeckman Road, Wilsonville, OR 97070
Founded
2011
Team Size
150+
Last Round
$130M(Sep 2024)

Investors (3)

B
Breakthrough Energy VenturesLead
Lead Investor
Verified investor in PIPE
S
SoftBank Vision Fund
Investor
Verified investor in PIPE
E
Evok Innovations
Investor
Verified investor in PIPE

Topics

verified(3079)real-funding(3079)ess-techenergy storagepipe10870-sw-boeckman-road

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