Funding and M&A Roundup: Form Energy Raises $405 Million in Series F Funding

Heliene raises $54 million equity funding

October 16, 2024

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Form Energy, an iron-air-based battery systems provider, raised $405 million in a Series F Funding round led by T. Rowe Price. The round brings the company’s total funds raised to date to over $1.2 billion. GE Vernova also participated in this round along with other existing investors, including TPG Rise Climate, Breakthrough Energy Ventures, Capricorn’s Technology Impact Funds, Coatue, Energy Impact Partners, MIT’s The Engine Ventures, NGP, Temasek, GIC, Prelude Ventures, Claure Group, Gigascale Capital, Blindspot Ventures, and VamosVentures.

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