Form Energy Overview
- Year Founded
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2017
- Status
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Private
- Employees
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914
- Latest Deal Type
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IPO
- (Postponed)
- Investors
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48
Form Energy General Information
Description
Developer of long-duration energy storage systems intended for the electric grid. The company offers iron-air battery chemistry, reversible rusting processes, multi-day storage capacity, water-based non-flammable electrolytes, and long-duration discharge capability, enabling clients to ensure a clean and reliable electric grid year-round.
Contact Information
Website
www.formenergy.comCorporate Office
- 30 Dane Street
- Somerville, MA 02143
- United States
Corporate Office
- 30 Dane Street
- Somerville, MA 02143
- United States
Form Energy Timeline
Form Energy Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 16. IPO | 16-Oct-2026 | Postponed | Generating Revenue | |||
| 15. Later Stage VC (Series G) | 12-Aug-2026 | Completed | Generating Revenue | |||
| 14. Capital Spending | 16-Dec-2024 | Completed | Generating Revenue | |||
| 13. Later Stage VC (Series F) | 09-Oct-2024 | Completed | Generating Revenue | |||
| 12. Later Stage VC (Series E) | 20-Dec-2023 | Completed | Generating Revenue | |||
| 11. Later Stage VC (Series E) | 04-Oct-2022 | Completed | Generating Revenue | |||
| 10. Grant | 31-Dec-2021 | Completed | Generating Revenue | |||
| 9. Secondary Transaction - Private | 30-Dec-2021 | Completed | Generating Revenue | |||
| 8. Later Stage VC (Series D) | 24-Aug-2021 | $240M | $367M | Completed | Generating Revenue | |
| 7. Later Stage VC (Series C) | 11-Sep-2020 | $76M | $127M | Completed | Generating Revenue |
Form Energy Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series G | ||||||||
| Series F-1 | ||||||||
| Series F | ||||||||
| Series E-1 | ||||||||
| Series E | ||||||||
| Series D-1 | ||||||||
| Series D | ||||||||
| Series C-1 | ||||||||
| Series C | 8,857,030 | $0.000100 | 8% | $6.33 | $6.33 | 1x | $6.33 | 3.58% |
| Series B-1 | 6,136,554 | $0.000100 | 8% | $3.1 | $3.1 | 1x | $3.1 | 2.48% |
VC Exit Predictor
See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.
Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
Form Energy Comparisons
Industry
Financing
Details
Form Energy Competitors (35)
One of Form Energy’s 35 competitors is Noon Energy, a Venture Capital-Backed company based in Palo Alto, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Noon Energy | Venture Capital-Backed | Palo Alto, CA | ||||
| Rongke Power | Venture Capital-Backed | Dalian, China | ||||
| esVolta | Private Equity-Backed | Newport Beach, CA | ||||
| LG Energy Solution Vertech | Corporate Backed or Acquired | Westborough, MA | ||||
| RedFlow | Corporation | Brisbane, Australia |
Form Energy Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Form Energy Patents
Form Energy Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| EP-4837259-A1 | Iron powder, iron electrode, iron battery, and method of manufacture thereof | Pending | 26-Dec-2024 | ||
| US-20260054212-A1 | Carbon dioxide removal for electrochemical power storage | Pending | 26-Aug-2024 | ||
| US-20260002276-A1 | Methods, systems, and devices for purifying metal-containing material | Pending | 27-Jun-2024 | ||
| WO-2026006716-A2 | Methods, systems, and devices for purifying metal-containing material | Pending | 27-Jun-2024 | ||
| WO-2026006716-A3 | Methods, systems, and devices for purifying metal-containing material | Pending | 27-Jun-2024 | C25C3/24 |
Form Energy Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Form Energy Investors (48)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Angel (individual) | Minority | |||
| Angel (individual) | Minority | |||
| Franklin Templeton Asset Management (India) | Corporation | Minority | ||
| Goldman Sachs Asset Management | Asset Manager | Minority | ||
| Janus Henderson Investors | Asset Manager | Minority |
Form Energy FAQs
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When was Form Energy founded?
Form Energy was founded in 2017.
-
Where is Form Energy headquartered?
Form Energy is headquartered in Somerville, MA.
-
What is the size of Form Energy?
Form Energy has 914 total employees.
-
What industry is Form Energy in?
Form Energy’s primary industry is Alternative Energy Equipment.
-
Is Form Energy a private or public company?
Form Energy is a Private company.
-
What is Form Energy’s current revenue?
The current revenue for Form Energy is .
-
How much funding has Form Energy raised over time?
Form Energy has raised $2.46B.
-
Who are Form Energy’s investors?
, , Franklin Templeton Asset Management (India), Goldman Sachs Asset Management, and Janus Henderson Investors are 5 of 48 investors who have invested in Form Energy.
-
Who are Form Energy’s competitors?
Noon Energy, Rongke Power, esVolta, LG Energy Solution Vertech, and RedFlow are some of the 35 competitors of Form Energy.
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