Amount$450M
Post-money valuation$2.1B
SeriesSeries E
AnnouncedSep 19, 2022
SectorBatteries
RegionUnited States
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Larger than the typical Series E round (3.9×).
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
Mostly newer or unproven managers.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series E rounds (478)
Round size distribution89th pct
smaller Series E roundslarger
Post-money valuation52th pct
$103Mthis round: $2.1B$10.2B
