Form Energy Raises $450 Million in Series E Financing
The company is currently engaged in a site selection process for its first full-scale battery manufacturing facility.
October 7, 2022
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Form Energy, an iron-air-based battery systems provider, announced that it has raised $450 million in a Series E financing round which was led by TPG’s global impact investing platform, TPG Rise, with additional participation from GIC and Canada Pension Plan Investment Board, along with existing investors ArcelorMittal, Breakthrough Energy Ventures (BEV), Capricorn Investment Group, Coatue, Energy Impact Partners (EIP), MIT’s The Engine, NGP ETP, Temasek, Prelude Ventures, and Vamos Ventures.
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Arjun Pradeep
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