elementenergy.comEnergy / Energy StorageFounded: 2019Funding to Date: $88.16MM
Element Energy, founded in 2019, provides large battery management solutions for storage and electric vehicles. Using their BMS system for first and second-life battery storage and electric vehicle integration, Element Energy strives to offer a distributed and adaptive option for cloud-based monitoring and control, designed with the goal of a safer, long-lasting and higher output solution. Element Energy is headquartered in Menlo Park, California.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/14/2023 | Series B | $73MM | $xx.xx | $399.73MM | Cohort Ventures, Mitsubishi Heavy Industries, Drive Catalyst, FM Capital, AFW Partners, LG Technology Venture, Edison International, Prelude Ventures, Radar Partners, Keyframe | |
Price per Share
$xx.xx
Shares Outstanding
5,691,120
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
7.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Cohort Ventures, Mitsubishi Heavy Industries, Drive Catalyst, FM Capital, AFW Partners, LG Technology Venture, Edison International, Prelude Ventures, Radar Partners, Keyframe
|
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02/15/2020 | Series A-1 | $5.34MM | $xx.xx | $56.39MM | LG Technology Ventures, Edison International, Prelude Ventures, Radar Partners | |
Price per Share
$xx.xx
Shares Outstanding
2,118,257
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
7.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
LG Technology Ventures, Edison International, Prelude Ventures, Radar Partners
|
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02/15/2020 | Series A | $9.81MM | $xx.xx | $56.39MM | LG Technology Ventures, Edison International, Prelude Ventures, Radar Partners | |
Price per Share
$xx.xx
Shares Outstanding
6,820,556
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
7.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
LG Technology Ventures, Edison International, Prelude Ventures, Radar Partners
|