Romeo Power Overview
- Year Founded
-
2016
- Status
-
Acquired/Merged
- Employees
-
295
- Latest Deal Type
-
M&A
- Latest Deal Amount
-
$78.6M
- Investors
-
1
Romeo Power General Information
Description
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
Website
www.romeopower.com(Operating Subsidiary)
Corporate Office
- 4380 Ayers Avenue
- Vernon, CA 90058
- United States
Corporate Office
- 4380 Ayers Avenue
- Vernon, CA 90058
- United States
Romeo Power Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 7. Merger/Acquisition | 14-Oct-2022 | $78.6M | Completed | Profitable | ||
| 6. PIPE | 29-Dec-2020 | Completed | Generating Revenue | |||
| 5. Reverse Merger | 29-Dec-2020 | Completed | Generating Revenue | |||
| 4. Debt - PPP | 30-Apr-2020 | Completed | Generating Revenue | |||
| 3. Early Stage VC | 05-Aug-2019 | Completed | Generating Revenue | |||
| 2. Early Stage VC | 20-May-2019 | $88.6M | $119M | Completed | Generating Revenue | |
| 1. Seed Round | 24-Aug-2017 | $30M | $30M | Completed | Generating Revenue |
Romeo Power Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate ($) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Seed |
Romeo Power Comparisons
Industry
Financing
Details
Romeo Power Competitors (19)
One of Romeo Power’s 19 competitors is A123 Systems, a Venture Capital-Backed company based in Hangzhou, China.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| A123 Systems | Venture Capital-Backed | Hangzhou, China | ||||
| 24M | Venture Capital-Backed | Cambridge, MA | ||||
| Contemporary Amperex Technology | Formerly VC-backed | Ningde, China | ||||
| SES (Energy Storage) | Formerly VC-backed | Woburn, MA | ||||
| Microvast | Formerly PE-Backed | Stafford, TX |
Romeo Power Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Romeo Power Patents
Romeo Power Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| JP-2024084852-A | Cold plate blade against storage battery module | Pending | 16-Mar-2018 | ||
| US-20190181407-A1 | Shock absorbant and water-resistant portable energy storage device | Inactive | 11-Dec-2017 | ||
| JP-2022153372-A | Systems and methods for battery construction, interconnection, sensing and balancing | Active | 29-Dec-2016 | ||
| JP-2024116175-A | Systems and methods for battery structure, interconnects, sensing and balancing | Pending | 29-Dec-2016 | ||
| EP-3560024-A1 | Battery cell with integrated vapor chamber | Inactive | 22-Dec-2016 | H01M10/6551 |
Romeo Power Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Romeo Power Former Investors (9)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| BorgWarner | Corporation | Minority | ||
| HG Ventures | Corporate Venture Capital | Minority | ||
| OpenDoor Venture Capital | Venture Capital | Minority | ||
| RMG Acquisition | Special Purpose Acquisition Company (SPAC) | Minority | ||
| Republic Services | Corporation | Minority |
Romeo Power Investments & Acquisitions (3)
Romeo Power’s most recent deal was a Merger/Acquisition with BorgWarner Romeo Power for . The deal was made on 04-Feb-2022.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| BorgWarner Romeo Power | 04-Feb-2022 | Merger/Acquisition | Electrical Equipment | ||
| RMG Acquisition | 29-Dec-2020 | Merger/Acquisition | Special Purpose Acquisition Company (SPAC) | ||
| BorgWarner Romeo Power | 06-May-2019 | Joint Venture | Electrical Equipment |
Romeo Power ESG
Risk Overview
Risk Rating
Updated April, 01, 2022
33.28 | High Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
Management
Management is related to actions taken to manage ESG issues
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
of 15,638
Rank
Percentile
Electrical Equipment
Industry
of 258
Rank
Percentile
Electrical Equipment
Subindustry
of 258
Rank
Percentile
Romeo Power FAQs
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When was Romeo Power founded?
Romeo Power was founded in 2016.
-
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 .
-
What is Romeo Power’s current revenue?
The current revenue for Romeo Power is .
-
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?
A123 Systems, 24M, Contemporary Amperex Technology, SES (Energy Storage), and Microvast are some of the 19 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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