About Romeo Power
Romeo Power is a Transportation, Automotive & Logistics company based in Los Angeles (United States) founded in 2015, and was acquired by Nikola Motor in August 2022. Lithium-ion batteries for electric vehicles are manufactured by Romeo Power. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Romeo Power has raised $122.58 million across 3 funding rounds from investors including Nikola Motor and HG Ventures. Its chief executive, as recorded, is Lionel Selwood Jr. Its focus areas include Energy Tech, Electric Vehicles, Components and Batteries. Its legal entity in India is Romeo Systems India Private Limited (U31909HR2016FTC066394).
Company details
Romeo Power was founded in 2015 in Los Angeles, United States, and operates in the electric vehicle battery sector. Lithium-ion batteries are produced for applications including buses, trucks, and tractors. Features such as optimized charging times, modular designs, and proprietary battery management systems are incorporated into the offerings. Operations focus on supporting commercial and industrial mobility needs.
- Headquarters Los Angeles, United States
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website romeopower.com
- Social LinkedIn X
- Acquired by Nikola Motor (Aug 2022)
- Legal Name Romeo Systems India Private Limited
- Date of Incorporation 16 Nov, 2016
- Jurisdiction Gurgaon, Haryana, India
- Total Equity Funding$122.58M (USD)
in 3 rounds
- Latest Funding Round$4M (USD), Series A
Aug 2019
- InvestorsNikola Motor
& 1 more
- Acquired byNikola Motor
(Aug 2022)
Associated legal entities of Romeo Power
Romeo Power operates through Romeo Systems India Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Romeo Systems India Private Limited CIN U31909HR2016FTC066394 | Strike Off | 16 Nov 2016 | Gurgaon, Haryana | 3 | View details |
Funding Insights of Romeo Power
Romeo Power has successfully raised a total of $122.58M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in August 2019. 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 $122.58M
- Total Rounds 3
- Last Round Series A — $4M
- First Round $30M
(Aug 2017)
- Investors Count 1
All 3 funding rounds of Romeo Power with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2019 | $4M | Series A | – | HG Ventures | – |
| May 2019 | $88.58M | Series A | – | – | – |
| Aug 2017 | $30M | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Romeo Power
Romeo Power has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Nikola Motor and HG Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
HG Ventures is focused on investing in sustainable technology companies. | hgventures.com | Indianapolis, United States | ||
Developer of electric trucks | 2015 | nikolamotor.com | Phoenix, United States |
Investor details for Romeo Power
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Romeo Systems India Private Limited (Romeo Power)
Romeo Systems India Private Limited is the primary company behind Romeo Power. The board of Romeo Systems India Private Limited currently have 3 directors; the longest-serving is Michael William Patterson, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Michael William Patterson DIN 07612367 | Director | 16 Nov 2016 | 9 yrs 11 mo | Romeo Systems India Private Limited |
| Willard Porter Harris DIN 07612366 | Director | 16 Nov 2016 | 9 yrs 11 mo | Romeo Systems India Private Limited |
| Kamlesh Mohanlal Raval DIN 06499156 | Director | 16 Nov 2016 | 9 yrs 11 mo | Romeo Systems India Private Limited |
People of Romeo Power
18 people are tracked at Romeo Power (6 in leadership, 4 in board & advisors, 8 in team).
| Name | Role | Group |
|---|---|---|
Lionel Selwood Jr | CEO | Leadership |
Hang Shi | VP, Cell Engineering | Leadership |
Lauren Webb | CFO | Leadership |
Kerry A. Shiba | Chief Financial Officer | Leadership |
AK Srouji | CTO | Leadership |
Matthew Umles | Director Of Mechanical Engineering | Leadership |
Laurene Horiszny | Director | Board & advisors |
Timothy Stuart | Director | Board & advisors |
Paul Williams | Director | Board & advisors |
Robert Mancini | Director | Board & advisors |
Kristian Chang | Unknown Role | Team |
Karlo Galvan | Design Engineer, Thermo-Structures | Team |
Vatsal Mehta | DevOps Engineer | Team |
Lishan Elayaperuma | Corporate Controller | Team |
Inder S. Sandhra | Senior Manager, Engineering | Team |
Tony Burgos | Manufacturing Engineering Technician | Team |
Aida Hadzihasanovic | Sr. Industrialization Engineer | Team |
Wendy Vu | Advanced Concepts Mechanical Engineer | Team |
Complete people profiles for Romeo Power
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Romeo Power
4 dated milestones of Romeo Power across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Romeo Power is founded.
- Funding First funding round of $30.0M.
- Funding Latest funding round, Series A, of $4.0M.
- Exit Acquired by Nikola Motor.
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Romeo Power (Electric & Green Mobility) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | 2,813 | ||
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 |
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Related news about Romeo Power
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Frequently Asked Questions about Romeo Power
Romeo Power was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Romeo Power is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Lionel Selwood Jr is the CEO of Romeo Power, as recorded in our data.
Romeo Power is a funded company, having raised a total of $122.58M across 3 funding rounds to date. The company's 1st funding round was a Seed of $30M, raised on Aug 2017.
Romeo Power was founded in 2015 in Los Angeles, United States, and operates in the electric vehicle battery sector. Lithium-ion batteries are produced for applications including buses, trucks, and tractors. Features such as optimized charging times, modular designs, and proprietary battery management systems are incorporated into the offerings. Operations focus on supporting commercial and industrial mobility needs.
Romeo Power has 2 investors. Key investors include Nikola Motor, and HG Ventures.
Romeo Power operates through Romeo Systems India Private Limited.
Yes. Romeo Power was acquired by Nikola Motor in August 2022.
The legal entities of Romeo Power currently have 3 directors, including Michael William Patterson, Willard Porter Harris, Kamlesh Mohanlal Raval.