Mainspring Energy

Mainspring Energy

Private
Menlo Park, CaliforniaEnergy & Sustainabilityhttps://www.mainspringenergy.com

Last Round

Series F

4/14/2025

Total Funding Raised

$734.7M

Company Overview

Mainspring (Alternative Energy Equipment) is a clean energy company that manufactures linear power generators designed to provide affordable, reliable, and net-zero carbon electricity by utilizing a low-temperature reaction of air and fuel to efficiently generate power.

Sector

Energy & Sustainability

Verticals

Energy Management, Alternative Fuels, Smart Grid, Renewable Energy, EV Charging

Business Model

B2B

Customer Profile

Hardware + Subscription, Usage-Based SaaS, Hardware Sales

AI Layer

Non-AI

Keywords

linear generatoronsite power generationfuel-flexible generatorenergy-as-a-serviceEaaSpower purchase agreementPPAdispatchable powerdistributed generationdistributed energy resourcesDERshydrogen powerC&I powerdata center powerbiogas powermicrogridsutility powerlow NOx emissions

Historical Pricing

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Caplight Momentum Score

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Mainspring Energy Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Mainspring Energy Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series F4/14/2025
Grant10/23/2024
Series E9/21/2022
Series D5/4/2021
Series C1/24/2018

Key People

Founding team and executive leadership

Gary Larsen

Chief Financial Officer

Executive Team

Mainspring Energy Investors

Notable investors and investment history

InvestorRounds
CPP InvestmentsSeries E
Pictet GroupSeries F
40 North VenturesSeries D
ClearSkySeries D
Fine Structure VenturesSeries E
TemasekSeries F
Khosla VenturesSeries F, Series D, Series E, Series C

Market signals

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  • Apr 14, 2025

    $258M round completed.

  • Oct 23, 2024

    Secured $8.679M in grant funding.

Mainspring Energy Filings

SEC and related filings with document metadata.

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Mainspring Energy Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersMenlo Park, California
Employee Range519
Year Founded2010
Last Funding4/14/2025

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