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Primus Power

Description

Manufacturer of flow batteries designed to produce energy at lower cost. The company's flow batteries are stationary fossil-based energy storage systems with a distributed, multi-hour system that serves to multiple storage applications. Its product provides flexible capacity from 25kW to 25MW, for stationary, grid scale applications, enabling end-users to meet peak power needs at any time of the day.

2009

Founded

PRIVATE

Status

11-50

Employees

Series E

Latest Deal Type

$32M

Latest Deal Amount

$106M

Total Amount Raised

Description

Manufacturer of flow batteries designed to produce energy at lower cost. The company's flow batteries are stationary fossil-based energy storage systems with a distributed, multi-hour system that serves to multiple storage applications. Its product provides flexible capacity from 25kW to 25MW, for stationary, grid scale applications, enabling end-users to meet peak power needs at any time of the day.

Website:

www.primuspower.com

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Energy Storage

Primary Office

3967 Trust Way Hayward, CA 94545United States +1 (510) 342-7600
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Primus Power Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

Primus Power Cap Table

Stock# of Shares
Authorized
Par ValueDividend Rate (%)Original
Issue Price
LiquidationLiquidation
Pref. Multiple
Conversion
Price
% Owned

Primus Power Investors (15)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
Anglo American PlatinumCorporationMinority000 0000000 0000
Arpa-EGovernment000 0000000 0000
Bonneville Power AdministrationCorporation000 0000000 0000
BoschCorporationMinority000 0000000 0000
California Energy CommissionGovernment000 0000000 0000
Anglo American Platinum Corporation
Arpa-E Government
Bonneville Power Administration Corporation
Bosch Corporation
California Energy Commission Government

Primus Power Executive Team (5)

NameTitleBoard
Seat
Contact
Info
Tom StepienCo-Founder, Chief Executive Officer & Board Member
Mark CollinsVice President of Operations
Paul KreinerVice President of Products & Design Engineering
Hossein KazemiVice President of System Engineering
G.J. La O' Ph.DVice President of Technology
Tom Stepien Co-Founder, Chief Executive Officer & Board Member
Mark Collins Vice President of Operations
Paul Kreiner Vice President of Products & Design Engineering
Hossein Kazemi Vice President of System Engineering
G.J. La O' Ph.D Vice President of Technology

Primus Power Board Members (5)

NameRepresentingRoleSinceContact
Info
Alfred Lam Ph.DChrysalix Venture CapitalVice President000 0000
Ilya GolubovichI2BF Global VenturesFounding Partner & Managing Director000 0000
Nancy PfundDBL PartnersCo-Founder & Managing Partner000 0000
Richard WillisAnglo American PlatinumExecutive000 0000
Tom StepienPrimus PowerCo-Founder, Chief Executive Officer & Board Member000 0000
Alfred Lam Ph.D Vice President Chrysalix Venture Capital
Ilya Golubovich Founding Partner & Managing Director I2BF Global Ventures
Nancy Pfund Co-Founder & Managing Partner DBL Partners
Richard Willis Executive Anglo American Platinum
Tom Stepien Co-Founder, Chief Executive Officer & Board Member Primus Power
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