Form Energy

Form Energy

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Organization

Contact Information

Overview

Form Energy develops and commercializes a low-cost battery system that can store wind and solar energy for a long duration. It aims to make batteries that can dispatch energy for days, expanding the ability to supply electricity generated from wind and solar power to the grid.

The company's technology transforms the electric grid by making renewable energy dispatchable year-round, as well as extending transmission capacity without building new wires, and replacing the need for conventional thermal generation. Its core technology was invented at MIT and is supported by investors which include Breakthrough Energy Ventures, MIT’s The Engine, Macquarie Capital, Eni Next, Capricorn Investment Group, and Prelude Ventures. Their team members are active learners who like working on tough technology problems that can only be solved with a combination of scientific innovation and hard work.

Co-founders Marco Ferrara, Mateo Jaramillo, Yet-Ming Chiang, William Woodford, and Ted Wiley headquartered the company in Somerville, Massachusetts in 2017.

About

Industries

Energy, Environmental Engineering, Energy Storage, Renewable Energy, Battery

Founded

2017

Employees

251-500

Headquarters locations

United States, North America

Social

N/A

Profile Resume

Form Energy headquartered in United States, North America, operates in the Energy, Environmental Engineering, Energy Storage, Renewable Energy, Battery sector. The company focuses on Energy and has secured $193.2B in funding across 200 round(s). With a team of 251-500 employees, Form Energy is actively contributing to advancements in Energy. Their latest funding round, Grant - Form Energy, raised $30.0M. Discover more about their projects, partnerships, and impact on our platform.

Employees

imagePlace Ted Wiley

Ted Wiley

President, COO, & Co-Founder

imagePlace Mike Vo

Mike Vo

Programs & Quality Engineering

imagePlace Amadou Crookes

Amadou Crookes

Senior Software Engineer

imagePlace Siddhartha Banerjee

Siddhartha Banerjee

Senior Staff Engineer

imagePlace Florian Wehner

Florian Wehner

Manager, Technical Operations

imagePlace Mateo Jaramillo

Mateo Jaramillo

CEO and Co-Founder

Funding Rounds

Funding rounds

11

Investors

1

Lead Investors

0

Total Funding Amount

$965.8M

Details

6

Form Energy has raised a total of $965.8M in funding over 6 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2020Late Stage Venture76.0M
2021Late Stage Venture240.0M
2022Late Stage Venture450.0M
2022Early Stage Venture

Investors

Form Energy is funded by 83 investors.

Investor NameLead InvestorFunding RoundPartners
Form Energy-FUNDING ROUND - Form Energy12.0M
NYSERDA-FUNDING ROUND - NYSERDA12.0M
Form Energy-FUNDING ROUND - Form Energy30.0M
California Energy Commission-FUNDING ROUND - California Energy Commission30.0M

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