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Energy Vault Announces $100 Million Series C Funding

PUBLIC · NRGVAug 25, 2021

Amount Raised

$100 Million

Round Type

Series C

Westlake VillageManufacturingEnergyRenewable EnergySolarEnergy ManagementEnergy StorageEnergy EfficiencyPower GridBiomass EnergyClean Energy

Description

Energy Vault (the “Company”), the creator of gravity-based, grid-scale energy storage solutions with its proprietary technology, today announced $100 million in Series C funding. The investment is being led by existing investor Prime Movers Lab, with additional participation from other existing investors including SoftBank Vision Fund, Saudi Aramco Energy Ventures, Helena, and Idealab X. In addition, the Series C funding is supported by new investors, including Pickering Energy Partners through its Energy Equity Opportunity Fund, SailingStone Global Energy Transition, A.T. Gekko, Crexa Capital Advisors LLC, Green Storage Solutions Venture I LLC, and Gordon Crawford.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Energy Vault that raised within 45 days of this round, from Fundz verified event records.

  • Priority Power raised an undisclosed amount on September 1, 2021.
  • Canadian Solar raised $100M (Funding Round) on July 27, 2021.
  • Zendure raised an undisclosed amount (Funding Round) on September 20, 2021.
  • Silfab Solar raised an undisclosed amount on September 15, 2021.
  • Shoals Technologies Group raised $6.5M on September 10, 2021.
  • Powur, PBC raised $3.7M (Seed) on August 25, 2021.

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Company Information

Company

Energy Vault

Location

Westlake Village, California, United States

About

Energy Vault is the creator of renewable energy storage products that are transforming the world’s approach to utility-scale energy storage for grid resiliency. Applying conventional physics fundamentals of gravity and potential energy, the system combines advanced material science and proprietary, machine-vision AI software that autonomously orchestrates the charging and discharging of electricity using ultra low cost composite bricks and innovative mechanical crane systems. Utilizing 100 percent eco-friendly materials with the ability to integrate waste materials for beneficial re-use at unprecedented economics, Energy Vault is accelerating the shift to a circular economy and a fully renewable world. For more information about Energy Vault, please visit energyvault.com and @EnergyVaultInc.

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Related People

2 contacts
Verified contactsLucas S., Vice President of Sales- Asia Pacific hidden hidden hiddenSee plans and pricing
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Energy Vault raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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