Form Energy
Form Energy Raises $405M in Series F
Quick Facts
Form Energy Raises $405M in Series F
Form Energy has successfully raised $405M in a Series F at a $2.5B valuation led by Bill Gates, TPG Rise Climate, ArcelorMittal.
Company Overview
Form Energy is a Energy company headquartered in Somerville, MA, founded in 2017 with 300+ employees.
Iron-air battery technology for grid storage
Fundraising Details
- Amount Raised: $405M
- Round Type: Series F
- Valuation: $2.5B
- Date: 2024-12-15
- Investors: Bill Gates, TPG Rise Climate, ArcelorMittal
About Form Energy
Iron-air battery technology for grid storage The company is positioned in the Energy sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Somerville, MA
- Founded: 2017
- Team Size: 300+
- Industry: Energy
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 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 $2.5B valuation marks an important milestone for Form Energy, positioning the company among notable players in the Energy 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 space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-12-15. For more information about Form Energy, visit their headquarters at Somerville, MA.
About the Author
Related Company Reports
Harvey AI Raises $160 million in Series F
Harvey AI, a AI Software company based in San Francisco CA, has raised $160 million in Series F at a $8 billion valuation led by Andreessen Horowitz.
7AI Raises $130 million in Series A
7AI, a Cybersecurity company based in Boston MA, has raised $130 million in Series A at a $700 million valuation led by Index Ventures.
TRIANA Biomedicines Raises $120 million in Series B
TRIANA Biomedicines, a Biotechnology company based in Lexington MA, has raised $120 million in Series B at a Undisclosed led by Ascenta Capital.