By ESS news
Form Energy is looking to accelerate the expansion of its 100-hour production of iron-air battery systems in the US based on a $405 million Series F financing round.
Announcing the major financing milestone on Wednesday, the company said it brings its total funding to date to more than $1.2 billion.
The startup’s latest funding round, led by T. Rowe Price, has also yielded results GE Vernova as a new investor. Existing investors Bill Gates’ Breakthrough Energy Ventures, TPG Rise Climate, Capricorn’s Technology Impact Funds, Coatue, Energy Impact Partners (EIP), MIT’s The Engine Ventures, NGP, Temasek, GIC, Prelude Ventures, Claure Group, Gigascale Capital, Blindspot Ventures, and VamosVentures also participated in the round.
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