Primus Power Overview
- Year Founded
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2009
- Status
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Private
- Employees
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45
- Latest Deal Type
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Later Stage VC
- Latest Deal Amount
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$50K
- Investors
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2
Primus Power General Information
Description
Manufacturer of energy storage battery equipment intended for the smart grid of multiple storage applications. The company specializes in developing grid-scale electrical energy storage systems with a safe, scalable, distributed flow battery system that is economical with patented innovations in chemistry, cell design, and system engineering, enabling firms with power density and portability at industry-low prices.
Contact Information
Website
www.primuspower.comCorporate Office
- 3967 Trust Way
- Hayward, CA 94545
- United States
Corporate Office
- 3967 Trust Way
- Hayward, CA 94545
- United States
Primus Power Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 19. Later Stage VC | 04-Dec-2023 | $50K | Completed | Generating Revenue | ||
| 18. Debt - PPP | 01-Mar-2021 | Completed | Generating Revenue | |||
| 17. Grant | 31-Dec-2020 | Completed | Generating Revenue | |||
| 16. Debt - PPP | 03-May-2020 | Completed | Generating Revenue | |||
| 15. Bankruptcy: Admin/Reorg | 09-Jul-2019 | Completed | Bankruptcy: Admin/Reorg | |||
| 14. Grant | 12-Jun-2019 | Completed | Generating Revenue | |||
| 13. Grant | 20-Sep-2018 | Completed | Generating Revenue | |||
| 12. Grant | Completed | Generating Revenue | ||||
| 11. Grant | 31-Dec-2017 | $14M | $107M | Completed | Generating Revenue | |
| 10. Later Stage VC (Series E) | 23-Mar-2017 | $32M | $107M | Completed | Generating Revenue |
Primus Power Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series E | ||||||||
| Series D | ||||||||
| Series C1 | ||||||||
| Series B | 12,628,367 | $0.000100 | 8% | $0.88 | $0.88 | 1x | $0.88 | 2.87% |
| Series A | 8,970,109 | $0.000100 | 8% | $0.46 | $0.46 | 1x | $0.46 | 2.04% |
Primus Power Comparisons
Industry
Financing
Details
Primus Power Competitors (12)
One of Primus Power’s 12 competitors is Navitas Systems, a Corporate Backed or Acquired company based in Ann Arbor, MI.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Navitas Systems | Corporate Backed or Acquired | Ann Arbor, MI | ||||
| Powermat | Venture Capital-Backed | Neve Ilan, Israel | ||||
| Invinity Energy Systems | Corporation | Saint Helier, United Kingdom | ||||
| VFlow Tech | Venture Capital-Backed | Singapore, Singapore | ||||
| Eos Energy Enterprises | Formerly VC-backed | Edison, NJ |
Primus Power Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Primus Power Patents
Primus Power Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20180375128-A1 | Flow battery stack compression assembly | Inactive | 27-Jun-2017 | ||
| US-D821326-S1 | Battery enclosure | Active | 20-Mar-2017 | ||
| AU-2017211776-A1 | Metal-halogen flow battery bipolar electrode assembly, system, and method | Inactive | 29-Jan-2016 | ||
| US-10290891-B2 | Metal-halogen flow battery bipolar electrode assembly, system, and method | Active | 29-Jan-2016 | ||
| US-20170222246-A1 | Metal-halogen flow battery bipolar electrode assembly, system, and method | Active | 29-Jan-2016 | H01M8/188 |
Primus Power Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Primus Power Investors (2)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| R42 Group | Venture Capital | Minority | ||
| U.S. Department of Energy | Government |
Primus Power FAQs
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When was Primus Power founded?
Primus Power was founded in 2009.
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Where is Primus Power headquartered?
Primus Power is headquartered in Hayward, CA.
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What is the size of Primus Power?
Primus Power has 45 total employees.
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What industry is Primus Power in?
Primus Power’s primary industry is Electrical Equipment.
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Is Primus Power a private or public company?
Primus Power is a Private company.
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What is Primus Power’s current revenue?
The current revenue for Primus Power is .
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How much funding has Primus Power raised over time?
Primus Power has raised $107M.
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Who are Primus Power’s investors?
R42 Group and U.S. Department of Energy have invested in Primus Power.
-
Who are Primus Power’s competitors?
Navitas Systems, Powermat, Invinity Energy Systems, VFlow Tech, and Eos Energy Enterprises are some of the 12 competitors of Primus Power.
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