MIT-founded grid battery spinout Form Energy expects to reveal the round's investors within weeks after it pushed its overall funding to more than $120m.
Form Energy, a US-based grid battery spinout of Massachusetts Institute of Technology (MIT), has obtained more than $70m of series C funding from undisclosed investors, Reuters reported on Friday.
Mateo Jaramillio, CEO of Form Energy, said he expected to be able to reveal more details over coming weeks.
Founded in 2017, Form Energy is developing sulfur-based battery storage for renewable electricity sources such as wind and solar which fluctuate more than conventional power plants owing to changes in…
