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FORM ENERGY
Form Energy
Energy Storage · Somerville, Massachusetts · United States · Founded · 2017 · ≈ · 887 · employees

Form Energy: Company Profile & Valuation

Private

Form Energy, headquartered in United States, remains privately held in the energy storage space. Its most recent disclosed valuation is $1.8B. The stock is not listed on any public market.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Form Energy at a glance
Last valuation
$1.8B
PRE-MONEY · AUG 2026
Raised across rounds
$2B
7 rounds
IPO status
Private
no listing announced
Nearest Canborsa market
CL—
CL-PERP · live
Valuation history

Form Energy valuation history

1 valuation. The latest, $1.8B pre-money, was set by the Series G in Aug 2026.

Latest valuation
$1.8Bpre-money
Set by the Series G · 12 Aug 2026
Valuations
1
Priced rounds with a valuation
Event type
Primary round
The Series G · $750M raised
Undated: Series F at —; Series A at —; Series B at —; Series C at —.
Funding history

Form Energy funding rounds — every disclosed raise

Round
Date
Amount
Valuation
Lead investors
Δ valuation
Series D
Aug 2021
$240M
—
ArcelorMittal
—
Series E
Oct 2022
$450M
—
TPG Rise Climate
—
Series G
Aug 2026
$750M
$1.8B
T. Rowe Price
—
Series F
—
$405M
—
T. Rowe Price, GE Vernova
—
Series A
—
$9M
—
Breakthrough Energy Ventures, Prelude Ventures, The Engine
—
Series B
—
$40M
—
Eni Next
—
Series C
—
$76M
—
Coatue Management
—
Form Energy · investors

Investors

Coatue ManagementLEADEEni NextLEADBreakthrough Energy VenturesLEADPPrelude VenturesLEADTThe EngineLEADT. Rowe PriceLEADGGE VernovaLEADTTPG Rise ClimateLEADAArcelorMittalLEADSSequoia CapitalJJanus HendersonFFranklin TempletonPPEAK6 Investments
Will Form Energy IPO?
Founded
2017
Aug 2021
Series D
Aug 2026
Series G · $1.8B
IPO
Not announced
No filing has been made.
Form Energy — the private market
Last valuation$1.8B · pre-money · Aug 2026
Total raised$2B
Lead investors
Coatue ManagementEni NextBreakthrough Energy VenturesPrelude Ventures
IPO statusNot announced
Founded · HQ2017 · Somerville, Massachusetts · United States
Employees≈ 887
Next price updatethe next funding round or secondary sale
Between roundsno daily price and no order book
About Form Energy

Form Energy designs and builds iron-air batteries capable of storing electricity for 100 hours at a time, aimed at utilities and grid operators that need multi-day backup power. Its main product line centers on this iron-air technology, sold to electric utilities across the United States as a way to keep the grid reliable. The company is headquartered in Somerville, Massachusetts, and was founded in 2017 by Mateo Jaramillo, a former Tesla battery executive, together with MIT battery scientist Yet-Ming Chiang and other co-founders.

Form Energy manufactures its batteries at Form Factory 1, a 550,000-square-foot plant built on the former Weirton Steel mill site in West Virginia, employing close to 400 people. In 2026 Google signed a battery supply agreement with the company to help power a data center in Minnesota.

The money screen · ranked by accessibility

How to get Form Energy exposure today

1Funds that hold private namesPublic wrappers

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Form Energy.

Often trade at a premium or discount to NAV.

Any brokerage account
2Secondary marketplacesPrivate shares

Platforms match existing holders with buyers. Form Energy availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Accredited only
3Follow the companyCompanies directory

Valuations, rounds and IPO status for every company in the directory — Form Energy included.

No account needed

Form Energy stock — frequently asked questions

How can I get exposure to Form Energy?›

The routes section explains what is realistically available for a company at this stage.

Is Form Energy publicly traded?›

No. Form Energy is a private company; its shares do not trade on a public exchange.

What is Form Energy's valuation?›

The last valuation is $1.8B.

Who has invested in Form Energy?›

Lead investors for each round are in the funding timeline.

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