About Energy Vault
Energy Vault is a company based in Lugano (Switzerland) founded in 2017 by Robert Piconi and Andrea Pedretti.. Energy Vault has raised $110 million across 7 funding rounds from investors including Korean Zink, SoftBank Vision Fund and Helena. The company has 163 employees as of December 31, 2024. Energy Vault offers products and services including B-VAULT™, G-VAULT™, H-VAULT™, and VaultOS™. Energy Vault operates in a competitive market with competitors including Gravitricity, Green Gravity, Baud Resources and Terrament, among others.
- Headquarter Lugano, Switzerland
- Employees 163 as on 31 Dec, 2024
- Founders Robert Piconi, Andrea Pedretti
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Energy Vault Holdings, Inc.
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Annual Revenue
$46.2 M-86.47as on Dec 31, 2024
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Net Profit
$-135.75 M-37.9as on Dec 31, 2024
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EBITDA
$-127.04 M-20.03as on Dec 31, 2024
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Total Equity Funding
$110 M (USD)
in 7 rounds
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Latest Funding Round
$300 M (USD), Post-IPO
Oct 09, 2025
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Investors
Korean Zink
& 10 more
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Employee Count
163
as on Dec 31, 2024
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IPO & Listings of Energy Vault
Energy Vault is a publicly listed company on the NYSE with ticker symbol NRGV in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Energy Vault
Energy Vault offers a comprehensive portfolio of products and services, including B-VAULT™, G-VAULT™, H-VAULT™, and VaultOS™. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Lithium-ion system for reliable energy storage and grid support.
Gravity-based technology for decoupling power and energy needs.
Hydrogen system for multi-day resilience in critical infrastructure.
Software for real-time monitoring and optimization of energy assets.
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Software Development Team
18 people
Leadership Team
13 people
Finance and Accounting
8 people
Sales and Marketing
3 people
Human Resources and Administration
3 people
Data Analysis and Operations Team
3 people
Senior Team
3 people
Principal Team
2 people
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Funding Insights of Energy Vault
Energy Vault has successfully raised a total of $110M across 7 strategic funding rounds. The most recent funding activity was a Post-IPO round of $300 million completed in October 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $300.0M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2025 | Amount | Post-IPO - Energy Vault | Valuation |
investors |
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| Jan, 2022 | Amount | Post-IPO - Energy Vault | Valuation |
investors |
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| Aug, 2021 | Amount | Post-IPO - Energy Vault | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Energy Vault
Energy Vault has secured backing from 11 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Korean Zink, SoftBank Vision Fund and Helena. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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Startups in diverse technology sectors are incubated by Idealab.
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Founded Year | Domain | Location | |
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Pickering Energy Partners is engaged in energy-focused financial services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Energy Vault
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Energy Vault
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Energy Vault Comparisons
Competitors of Energy Vault
Energy Vault operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gravitricity, Green Gravity, Baud Resources and Terrament, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Gravity-based energy storage systems are provided for grid operators.
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| domain | founded_year | HQ Location |
Gravity-based energy storage solutions are provided using mine shafts.
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| domain | founded_year | HQ Location |
Gravity-based energy storage and green hydrogen systems are developed.
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| domain | founded_year | HQ Location |
Provides comprehensive modular underground gravity storage solutions for various needs.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Energy Vault
Frequently Asked Questions about Energy Vault
When was Energy Vault founded?
Energy Vault was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Energy Vault located?
Energy Vault is headquartered in Lugano, Switzerland. It is registered at Lugano, Ticino, Switzerland.
Who is the current CEO of Energy Vault?
Robert Piconi is the current CEO of Energy Vault. They have also founded this company.
Is Energy Vault a funded company?
Energy Vault is a funded company, having raised a total of $110M across 7 funding rounds to date. The company's 1st funding round was a Post-IPO of $100M, raised on May 17, 2019.
How many employees does Energy Vault have?
As of Dec 31, 2024, the latest employee count at Energy Vault is 163.
What is the annual revenue of Energy Vault?
Annual revenue of Energy Vault is $46.2M as on Dec 31, 2024.
What does Energy Vault do?
Energy Vault was founded in 2017 in Lugano, Switzerland, within the energy storage sector. Customized short- and long-duration solutions are delivered through proprietary gravity, battery, and green hydrogen technologies. Operations focus on integrating eco-friendly materials, including waste, to support reduced energy costs and reliable power for customers across various regions. Hardware systems are designed to address diverse storage needs in the renewable energy field.
Who are the top competitors of Energy Vault?
Energy Vault's top competitors include Gravitricity, Green Gravity and Baud Resources.
What products or services does Energy Vault offer?
Energy Vault offers B-VAULT™, G-VAULT™, H-VAULT™, and VaultOS™.
Is Energy Vault publicly traded?
Yes, Energy Vault is publicly traded on NYSE under the ticker symbol NRGV.
Who are Energy Vault's investors?
Energy Vault has 11 investors. Key investors include Korean Zink, SoftBank Vision Fund, Helena, Prime Movers Lab, and Helena Capital Partners.
What is Energy Vault's ticker symbol?
The ticker symbol of Energy Vault is NRGV on NYSE.
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