Form Energy
PrivateLast Round
Grant
Sep 20, 2024
Est. Valuation
$2.86B
Total Funding Raised
$1.16B
Momentum
Top 5%
of companies Caplight tracks
Company Overview
Form Energy is an energy storage company that provides innovative, cost-effective multi-day energy storage systems, including an iron-air battery, to support a reliable and fully renewable electric grid year-round.
Sector
Energy & Sustainability
Verticals
Energy Storage, Renewable Energy, Smart Grid, Advanced Materials
Business Model
B2B
Customer Profile
Hardware Sales, Services & Consulting, Government Contracts, Hardware + Subscription
AI Layer
Application
Keywords
Price History
Caplight MarketPrice™ estimate for Form Energy, published with a 90-day delay.
Caplight MarketPrice™
$25.52
per share, as of June 2025
+45.8%
7-month change
Caplight MarketPrice™ is an estimate of private secondary market pricing, shown here on a delayed basis for illustrative purposes only. It may be incomplete, is subject to change, and may not be relied upon for any purpose or considered investment advice.
Form Energy Comparables
Compare Form Energy with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| ESS Tech, Inc. | 83% | |
| Malta | 82% | |
| Energy Vault | 78% | |
Form Energy Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Grant | Sep 20, 2024 | ||||
| Grant | Aug 6, 2024 | ||||
| Grant | Dec 13, 2023 | ||||
| Grant | Aug 17, 2023 | ||||
| Series E | Oct 4, 2022 | ||||
Series D | Aug 24, 2021 |
Key People
Founding team and executive leadership
Form Energy Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Blindspot Ventures | Series E, Grant |
| CPP Investments | Series E |
| Capricorn Investment Group | Series D, Series E, Series C, Series B, Grant |
| Temasek | Series D, Series E, Series C, Grant |
| The Engine | Series D, Series E, Series C, Series B, Grant, Series A, Seed |
| Engine Ventures | Series E, Series B, Seed |
| NGP Energy Technology Partners | Series E |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 9, 2026
Utilizes iba AG software for manufacturing control systems.
- Apr 9, 2026
Utilizes Keyence vision and scanner systems in manufacturing.
Form Energy Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Form Energy's valuation, stock price, and market status.