Romeo Power Overview

  • Year Founded
  • 2016

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 295


  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $78.6M

  • Investors
  • 1

Romeo Power General Information


Romeo Power Inc is an energy technology company focused on designing and manufacturing lithium-ion battery modules and packs for commercial electric vehicles. Through its energy-dense battery modules and packs, Romeo Power enables large-scale sustainable transportation by delivering safer, longer-lasting batteries with a longer range and shorter charge times. With greater energy density, the company can create lightweight and efficient solutions that deliver superior performance, and provide improved acceleration, range, safety, and durability. Its modules and packs are customizable and scalable and they are optimized by its proprietary battery management system.

Contact Information

Ownership Status
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Primary Industry
Electrical Equipment
Parent Company
Corporate Office
  • 4380 Ayers Avenue
  • Vernon, CA 90058
  • United States

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Romeo Power Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Merger/Acquisition 14-Oct-2022 $78.6M 00000 000.00 Completed Profitable
6. PIPE 29-Dec-2020 00000 00000 Completed Generating Revenue
5. Reverse Merger 29-Dec-2020 00000 00000 00.000 Completed Generating Revenue
4. Debt - PPP 30-Apr-2020 00.00 00000 Completed Generating Revenue
3. Early Stage VC 05-Aug-2019 000 00000 Completed Generating Revenue
2. Early Stage VC 20-May-2019 $88.6M $119M 00000 Completed Generating Revenue
1. Seed Round 24-Aug-2017 $30M $30M 0000 Completed Generating Revenue
To view Romeo Power’s complete valuation and funding history, request access »

Romeo Power Cap Table

Stock # of Shares
Par Value Dividend Rate ($) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Seed 00,000,000 00.000000 00.00 00.00 00.00 00 00.00 00.000
To view Romeo Power’s complete cap table history, request access »

Romeo Power Comparisons

HQ Location
Total Raised
Post Valuation
Romeo Power Inc is an energy technology company focused on designing and manufacturing lithium-ion battery modules and p
Electrical Equipment
Vernon, CA
295 As of 2021
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0000000000 000000000
Midland, MI
000 As of 0000


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Cambridge, MA
000 As of 0000
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Romeo Power Competitors (16)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
XALT Energy Formerly PE-Backed Midland, MI 000 00000000000
24M Venture Capital-Backed Cambridge, MA 000 00000 0000000000 00000
SES (Energy Storage) Formerly VC-backed Woburn, MA 000 00000 000000000 00000
Microvast Formerly PE-Backed Stafford, TX 0000 00000 0000 00000
Eos Energy Enterprises Formerly VC-backed Edison, NJ 000 00000 00000000 00000
You’re viewing 5 of 16 competitors. Get the full list »

Romeo Power Patents

Romeo Power Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
EP-3765808-A1 Cold plate blade for battery modules Pending 16-Mar-2018 000000000
EP-3765808-A4 Cold plate blade for battery modules Pending 16-Mar-2018 0000000000 0
US-20190181407-A1 Shock absorbant and water-resistant portable energy storage device Inactive 11-Dec-2017 0
JP-2022153372-A Systems and methods for battery construction, interconnection, sensing and balancing Pending 29-Dec-2016 0000000000
EP-3563439-A4 Systems and methods for battery structure, interconnects, sensing, and balancing Pending 29-Dec-2016 H01M10/482 0
To view Romeo Power’s complete patent history, request access »

Romeo Power Board Members (16)

Name Representing Role Since
Don Gottwald Self Board Member 000 0000
Timothy Stuart Republic Services Board Member 000 0000
You’re viewing 2 of 16 board members. Get the full list »

Romeo Power Signals

Growth Rate

0.80% Weekly
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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Romeo Power Former Investors (9)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
BorgWarner Corporation Minority 000 0000 000000 0
HG Ventures Corporate Venture Capital Minority 000 0000 000000 0
OpenDoor Venture Capital Venture Capital Minority 000 0000 000000 0
RMG Acquisition Special Purpose Acquisition Company (SPAC) Minority 000 0000 000000 0
Republic Services Corporation Minority 000 0000 000000 0
You’re viewing 5 of 9 investors. Get the full list »

Romeo Power Investments & Acquisitions (3)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
BorgWarner Romeo Power 04-Feb-2022 0000000000 000.00 Electrical Equipment 00000 000
RMG Acquisition 29-Dec-2020 0000000000 Special Purpose Acquisition Company (SPAC) 000000 00
BorgWarner Romeo Power 06-May-2019 Joint Venture Electrical Equipment 0000000 0
To view Romeo Power’s complete investments and acquisitions history, request access »

Romeo Power FAQs

  • When was Romeo Power founded?

    Romeo Power was founded in 2016.

  • Who is the founder of Romeo Power?

    Michael Patterson, Anastasi Michailidis, Ben Cannon JD, and Porter Harris Jr. are the founders of Romeo Power.

  • Where is Romeo Power headquartered?

    Romeo Power is headquartered in Vernon, CA.

  • What is the size of Romeo Power?

    Romeo Power has 295 total employees.

  • What industry is Romeo Power in?

    Romeo Power’s primary industry is Electrical Equipment.

  • Is Romeo Power a private or public company?

    Romeo Power is a Private company.

  • What is the current valuation of Romeo Power?

    The current valuation of Romeo Power is 000.00.

  • What is Romeo Power’s current revenue?

    The current revenue for Romeo Power is 000000.

  • How much funding has Romeo Power raised over time?

    Romeo Power has raised $273M.

  • Who are Romeo Power’s investors?

    BorgWarner, HG Ventures, OpenDoor Venture Capital, RMG Acquisition, and Republic Services are 5 of 9 investors who have invested in Romeo Power.

  • Who are Romeo Power’s competitors?

    XALT Energy, 24M, SES (Energy Storage), Microvast, and Eos Energy Enterprises are some of the 16 competitors of Romeo Power.

  • When was Romeo Power acquired?

    Romeo Power was acquired on 14-Oct-2022.

  • Who acquired Romeo Power?

    Romeo Power was acquired by Nikola.

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