About Form Energy
Form Energy is a company based in Somerville (United States) founded in 2009 by Ted Wiley and William Woodford.. Form Energy has raised $1.13 billion across 9 funding rounds from investors including Eni Next, Macquarie Group and ArcelorMittal. Form Energy offers products and services including Iron-Air Battery, Grid Modeling Software, and Form Factory 1. Form Energy operates in a competitive market with competitors including Ambri, e-Zinc, Eos, NantEnergy and E-Stone Batteries, among others.
- Headquarter Somerville, United States
- Founders Ted Wiley, William Woodford
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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
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- Legal Name Form Energy Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.13 B (USD)
in 9 rounds
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Latest Funding Round
$405 M (USD), Series F
Oct 09, 2024
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Investors
Eni Next
& 30 more
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Employee Count
Employee Count
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Products & Services of Form Energy
Form Energy offers a comprehensive portfolio of products and services, including Iron-Air Battery, Grid Modeling Software, and Form Factory 1. 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.
Battery for cost-effective, long-duration energy storage.
Tool for analyzing and optimizing electric grid performance.
High-volume plant for producing iron-air battery systems.
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Funding Insights of Form Energy
Form Energy has successfully raised a total of $1.13B across 9 strategic funding rounds. The most recent funding activity was a Series F round of $405 million completed in October 2024. 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 9
- Last Round Series F — $405.0M
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First Round
First Round
(06 Feb 2018)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series F - Form Energy | Valuation | T. Rowe Price | |
| Aug, 2023 | Amount | Grant - Form Energy | Valuation |
investors |
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| Sep, 2022 | Amount | Series E - Form Energy | Valuation | ArcelorMittal , CPP Investments |
| 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 Form Energy
Form Energy has secured backing from 31 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Eni Next, Macquarie Group and ArcelorMittal. 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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Fund of funds focused on pre-seed and seed-stage companies
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Founded Year | Domain | Location | |
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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Venture capital fund focused on growth-stage startups
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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 Form Energy
| 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 - Form Energy
| 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 |
Form Energy Comparisons
Competitors of Form Energy
Form Energy 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 Ambri, e-Zinc, Eos, NantEnergy and E-Stone Batteries, 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 |
Liquid metal batteries are provided for long-duration energy storage.
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| domain | founded_year | HQ Location |
Rechargeable zinc batteries for energy storage are provided by e-Zinc.
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| domain | founded_year | HQ Location |
Provider of zinc based energy storage solutions
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| domain | founded_year | HQ Location |
Manufacturer of the zinc-air energy storage system
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| domain | founded_year | HQ Location |
Creates innovative iron-sulphur electrode technologies for nickel-iron and iron-air batteries.
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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 Form Energy
Frequently Asked Questions about Form Energy
When was Form Energy founded?
Form Energy was founded in 2009 and raised its 1st funding round 9 years after it was founded.
Where is Form Energy located?
Form Energy is headquartered in Somerville, United States. It is registered at Somerville, Massachusetts, United States.
Who is the current CEO of Form Energy?
Ted Wiley is the current CEO of Form Energy. They have also founded this company.
Is Form Energy a funded company?
Form Energy is a funded company, having raised a total of $1.13B across 9 funding rounds to date. The company's 1st funding round was a Series E of $450M, raised on Feb 06, 2018.
What does Form Energy do?
Form Energy was founded in 2009 and is headquartered in Somerville, United States. Operations focus on the renewable energy sector, where iron-air battery systems are engineered for long-duration power storage. These systems are designed to support grid-scale renewable projects by enabling storage for up to a year at reduced costs. Leadership includes co-founders Ted Wiley as CEO and William Woodford as CTO. The companys domain is formenergy.com.
Who are the top competitors of Form Energy?
What products or services does Form Energy offer?
Form Energy offers Iron-Air Battery, Grid Modeling Software, and Form Factory 1.
Who are Form Energy's investors?
Form Energy has 31 investors. Key investors include Eni Next, Macquarie Group, ArcelorMittal, TPG, and T. Rowe Price.
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