Amount$80M
Post-money valuation$1.5B
SeriesSeries D
AnnouncedJan 4, 2022
SectorBattery, Automotive
Sub-sectorMachine Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series D round.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
2 existing investors re-upped — insiders doubling down.
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 D rounds (1,000)
Round size distribution47th pct
smaller Series D roundslarger
Post-money valuation52th pct
$65Mthis round: $1.5B$6B
vs. Battery, Automotive (4)
Round size in sector100th pct
$6Mthis round: $80M$80M
