Form Energy was founded in 2017 by Marco Ferrara, Mateo Jaramillo, Ted Wiley, William Woodford, and Yet-Ming Chiang. The company has not publicly endorsed plans to participate in an IPO.
Form Energy is a battery company "developing and commercializing a new class of cost-effective, multi-day energy storage systems." In late 2022, the company announced that it would open its first American manufacturing plant in West Virginia. Form Energy has raised more than $800 million in venture capital funding from investors including TPG Rise, GIC, Canada Pension Plan Investment Board, ArcelorMittal, Breakthrough Energy Ventures, and Coatue. The company did not disclose valuation figures following a $450 million round of Series E funding in 2022.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.