Form Energy was founded in 2017 by Marco Ferrara, Mateo Jaramillo, Ted Wiley, William Woodford, and Yet-Ming Chiang. According to the Sierra Sun Times in January 2024 “The California Energy Commission (CEC) in December approved a $30 million grant to Form Energy to build a long-duration energy storage,” they reported. Form Energy has not publicly endorsed a plan to participate in an IPO.

Form Energy is an energy storage developer that enables decarbonization for company electric systems. Per Forge data, Form Energy has raised $965.8 million in funding over 10 rounds. Their latest funding was raised on Dec 13, 2023, from a Grant round. Key investors include the California Energy Commission, NYSERDA, and The Rise Fund.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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Can you invest in Form Energy pre-IPO?

Form Energy is a privately held company and is not publicly traded, therefore investing in Form Energy pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can learn more about Forge’s Secondary Marketplace and how to invest in private companies before their potential IPO. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.

Can you sell shares of Form Energy before it goes public?

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What is the pre-IPO value of my Form Energy shares?

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Is Form Energy a publicly traded company?

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To learn more about Form Energy potential IPO

Will Form Energy go IPO?

Form Energy has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is Form Energy’s IPO price?

The Form Energy IPO price does not exist at this time, as Form Energy is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Form Energy register for Forge Markets, today.

When was Form Energy founded?

Form Energy was founded in 2017.

What is Form Energy funding to date?

Form Energy has raised $2.93B to date.

Who are Form Energy’s major investors?

Eni Next
Tpg Rise Climate Fund
Ngp Energy Technology Partners
Prelude Ventures
Gigascale Capital
Temasek
Blindspot Ventures
Breakthrough Energy Ventures
Canada Pension Plan Investment Board
The Engine
Gic
Energy Impact Partners
Kapor Capital
Arcelormittal
GE Vernova
Macquarie Asset Management
Claure Group
Vamosventures
Engine Ventures
Coatue
T. Rowe Price Associates
Capricorn Investment Group

Form Energy Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
10/09/2024 Series F $405MM $xx.xx $3.42B Blindspot Ventures, Breakthrough Energy Ventures, Capricorn Investment Group, Claure Group, Coatue, Energy Impact Partners, Engine Ventures, GE Vernova, Gic, Gigascale Capital, Ngp Energy Technology Partners, Prelude Ventures, Temasek, Tpg Rise Climate Fund, T. Rowe Price Associates, Vamosventures
Price per Share
$xx.xx
Shares Outstanding
16,746,679
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Blindspot Ventures, Breakthrough Energy Ventures, Capricorn Investment Group, Claure Group, Coatue, Energy Impact Partners, Engine Ventures, GE Vernova, Gic, Gigascale Capital, Ngp Energy Technology Partners, Prelude Ventures, Temasek, Tpg Rise Climate Fund, T. Rowe Price Associates, Vamosventures
10/04/2022 Series E $455MM $xx.xx $1.84B Arcelormittal, Breakthrough Energy Ventures, Canada Pension Plan Investment Board, Capricorn Investment Group, Coatue, Energy Impact Partners, Gic, Ngp Energy Technology Partners, Prelude Ventures, Temasek, The Engine, Vamosventures
Price per Share
$xx.xx
Shares Outstanding
24,761,078
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Arcelormittal, Breakthrough Energy Ventures, Canada Pension Plan Investment Board, Capricorn Investment Group, Coatue, Energy Impact Partners, Gic, Ngp Energy Technology Partners, Prelude Ventures, Temasek, The Engine, Vamosventures
08/25/2021 Series D $252.5MM $xx.xx $1.28B Arcelormittal
Price per Share
$xx.xx
Shares Outstanding
13,948,877
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Arcelormittal
11/13/2020 Series C $82.9MM $xx.xx $338.71MM Breakthrough Energy Ventures, Capricorn Investment Group, Coatue, Energy Impact Partners, Eni Next, Macquarie Asset Management, Ngp Energy Technology Partners, Prelude Ventures, Temasek
Price per Share
$xx.xx
Shares Outstanding
13,086,639
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Breakthrough Energy Ventures, Capricorn Investment Group, Coatue, Energy Impact Partners, Eni Next, Macquarie Asset Management, Ngp Energy Technology Partners, Prelude Ventures, Temasek
08/23/2019 Series B $40.17MM $xx.xx $111.81MM Breakthrough Energy Ventures, Capricorn Investment Group, Engine Ventures, Eni Next, Macquarie Asset Management, Prelude Ventures
Price per Share
$xx.xx
Shares Outstanding
12,972,516
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Breakthrough Energy Ventures, Capricorn Investment Group, Engine Ventures, Eni Next, Macquarie Asset Management, Prelude Ventures
06/18/2018 Series A $10.96MM $xx.xx $31.31MM Blindspot Ventures, Breakthrough Energy Ventures, Engine Ventures, Prelude Ventures
Price per Share
$xx.xx
Shares Outstanding
8,695,444
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Blindspot Ventures, Breakthrough Energy Ventures, Engine Ventures, Prelude Ventures
Updated on: Dec 30, 2024

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