The MIT spinout formerly known as Baseload Renewables hopes its lithium-sulphur battery could offer a sustainable energy source.
Form Energy, a US-based energy storage technology spinout from Massachusetts Institute of Technology (MIT), has raised $7.4m in funding, according to a securities filing.
The document indicates Form Energy began raising the round on February 2 and had secured its targeted amount by February 21, though it has not yet made an official statement.
Founded in 2017 as Baseload Renewables, Form Energy is developing a lithium-sulphur battery that can be used as energy storage to help manage peaks on electricity…
