Rondo Energy's mission is to deliver low-cost industrial heat from renewable electricity utilizing their technology known as "The Rondo Heat Battery" charging intermittently from wind, solar, or the grid with the ability to cut Scope 1 and Scope 2 emissions to zero. Their technology works in a number of appplications including Process & Power Steam, Mineral Calcination, Direct Process Heat, and Combined Heat & Power. Rondo Energy was founded in 2020 and is headquartered in Oakland, CA.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
06/19/2024 | Series A-2 | $30MM | $xx.xx | $329.34MM | H&M Group Ventures | |
Price per Share
$xx.xx
Shares Outstanding
2,670,631
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
H&M Group Ventures
|
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08/16/2023 | Series A-1 | $60.81MM | $xx.xx | $295.6MM | Breakthrough Energy Ventures, Energy Impact Partners, Siam Cement Group, Titan, Microsoft, Rio Tinto, SABIC, Aramco Ventures, SDCL Energy Efficiency Income Trust, John Doerr | |
Price per Share
$xx.xx
Shares Outstanding
6,766,825
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Breakthrough Energy Ventures, Energy Impact Partners, Siam Cement Group, Titan, Microsoft, Rio Tinto, SABIC, Aramco Ventures, SDCL Energy Efficiency Income Trust, John Doerr
|
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01/04/2022 | Series A | $25.12MM | $xx.xx | $100.47MM | Breakthrough Energy Ventures, Energy Impact Partners | |
Price per Share
$xx.xx
Shares Outstanding
4,746,062
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Breakthrough Energy Ventures, Energy Impact Partners
|