About Romeo Power
Romeo Power is a company based in Los Angeles (United States) founded in 2015 was acquired by Nikola Motor in August 2022.. Romeo Power has raised $122.58 million across 3 funding rounds from investors including Nikola Motor and HG Ventures. Romeo Power operates in a competitive market with competitors including A123 Systems, QuantumScape, StoreDot, Lohum and Verkor, among others.
- Headquarter Los Angeles, United States
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Sectors
Transportation, Automotive & LogisticsEnergy & 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 Romeo Systems India Private Limited
- Date of Incorporation 16 Nov, 2016
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2019
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Net Profit
$0 (USD)0as on Mar 31, 2019
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EBITDA
$0 (USD)0as on Mar 31, 2019
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Total Equity Funding
$122.58 M (USD)
in 3 rounds
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Latest Funding Round
$4 M (USD), Series A
Aug 02, 2019
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Investors
Nikola Motor
& 1 more
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Employee Count
Employee Count
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Acquired by
Nikola Motor
(Aug 01, 2022)
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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 Total Funding
- Total Rounds 3
- Last Round Series A — $4.0M
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First Round
First Round
(24 Aug 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Series A - Romeo Power | Valuation | HG Ventures |
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| May, 2019 | Amount | Series A - Romeo Power | Valuation |
investors |
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| Aug, 2017 | Amount | Seed - Romeo Power | Valuation |
investors |
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| 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 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. 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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HG Ventures is focused on investing in sustainable technology companies.
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Founded Year | Domain | Location | |
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Developer of electric trucks
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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 Romeo Power
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Romeo Power
| 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 |
Romeo Power Comparisons
Competitors of Romeo Power
Romeo Power 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 A123 Systems, QuantumScape, StoreDot, Lohum and Verkor, 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 |
Lithium-ion batteries for automotive and industrial uses are manufactured.
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| domain | founded_year | HQ Location |
Solid-state lithium-metal batteries are manufactured with anode-less cell design.
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| domain | founded_year | HQ Location |
Fast-charging lithium batteries for electric vehicles are developed and manufactured.
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| domain | founded_year | HQ Location |
Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining
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| domain | founded_year | HQ Location |
Lithium-ion batteries are manufactured for electric vehicles and storage.
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| domain | founded_year | HQ Location |
Comprehensive solutions for electric vehicles and energy storage are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Romeo Power
Frequently Asked Questions about Romeo Power
When was Romeo Power founded?
Romeo Power was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Romeo Power located?
Romeo Power is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Romeo Power?
Lionel Selwood Jr is the current CEO of Romeo Power.
Is Romeo Power a funded company?
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 24, 2017.
What does Romeo Power do?
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.
Who are the top competitors of Romeo Power?
Romeo Power's top competitors include Lohum, StoreDot and Contemporary Amperex Technology.
Who are Romeo Power's investors?
Romeo Power has 2 investors. Key investors include Nikola Motor, and HG Ventures.