Element Energy Closes $111 Million Capital Raise From Strategic Investors

Nov 15, 2023•over 1 year ago

Amount Raised

$111 Million

Menlo ParkEnergy

Investors

KeyframeRadar PartnersPrelude VenturesEdison InternationalLg Technology VenturesAfw PartnersFm CapitalDrive CatalystMitsubishi Heavy Industries, Ltd.Cohort VenturesKeyframe Capital Partners, L.P.

Description

Element Energy ("Element"), a Menlo Park-based Battery Management Technology company, today announced the close of $111 million in capital comprised of a $73 million Series B equity investment and a $38 million debt facility provided by Keyframe Capital Partners, L.P. ("Keyframe").

Company Information

Company

ELEMENT ENERGY

Location

Menlo Park, California, United States

About

Element Energy is an advanced battery management technology company founded in 2019 and headquartered in Menlo Park, California. We utilize proprietary hardware and software algorithms to improve the safety, intelligence, and economics of large-format battery systems. We seek to offer our technology solutions broadly across first and second life energy storage and EV applications. Our shareholder base includes world-renowned renewable energy technology suppliers, asset owners, developers and investors. To learn more about Element Energy, visit ElementEnergy.com.

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VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Element Energy Closes $111 Million Capital Raise From Strategic Investors

Investors

Description

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