Form Energy secures E financing round of USD450 million

Oct 2022

US-based battery technology company Form Energy Inc. has announced the closing of a USD450 million Series E funding round. The company is developing stationary storage battery technology targeting long-term applications of potentially 100 hours or more and has received significant interest from investors, with the latest funding round being oversubscribed.  Funding was led by TPG Rise and its impact investing platform TPG Rise Climate, with GIC and CPP Investments also joining the funding round. These join the ten existing investors, including ArcelorMittal, MIT’s The Engine and Bill Gates’ Breakthrough Energy Ventures. Sections of the funding are still subject to regulatory approval as well as monetary allocations to these existing investors…



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