Form Energy builds 100-hour iron-air rechargeable batteries optimized for multi-day grid-scale storage at a fraction of lithium-ion cost. CEO Mateo Jaramillo previously led Tesla Energy. Operating a manufacturing facility in Weirton, WV and signing utility-scale deals with Xcel, Georgia Power, and Dominion Energy.
Energy📍 Somerville, MAFounded 2017
Current Valuation
$2.5B
as of 2024-Q3
UNICORN
QL Price
$1.5B
-12% vs last round
QuantLogix's current estimate for Form Energy, published 2026-10-07 — below the last disclosed round of $1.8B (2026-08).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round
$1.8B
2026-08
weight 0.88
Secondary market print
$1.2B
2026-06-27
weight 0.54
How this price has held up
No round has priced for Form Energy since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-07 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Form Energy, 2026-10-07 (271ca0408b3aefa0).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Form Energy going public?
No. Form Energy has no imminent IPO plans on record. It is still private.
What is Form Energy's valuation in 2026?
Form Energy is valued at $2.5B as of 2024-Q3, set by its Series F ($405M, Oct 2024). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Form Energy filed an S-1?
No public S-1 is on file for Form Energy.
Who are Form Energy's investors?
Form Energy's investors include T. Rowe Price, Breakthrough Energy Ventures, Energy Impact Partners, TPG Rise, ArcelorMittal, GIC.
How much has Form Energy raised?
Form Energy has raised $1.2B in total, most recently a Series F of $405M in Oct 2024.
Is Form Energy publicly traded — can you buy Form Energy stock?
No. Form Energy is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Form Energy on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Mateo Jaramillo
Founded
2017
HQ
Somerville, MA
Employees
~700
Total Raised
$1.2B
Last Round
Series F — $405M (Oct 2024) · Lead: T. Rowe Price
IPO Status
no imminent plans
Fundraising Status
Series F · $405M · 2y ago
no imminent plansTotal raised $1.2B
Secondary Market
Implied price / share
$16.76
Last round price / share
$24.18
vs last round
-30.7%
Open interest
4
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series F
$405M
Oct 2024
T. Rowe Price
—
Talent Signal
Hiring trend
▶ Hiring steady
+4% vs 2026-08
Open roles
193
via ashby
Product-build share
64%
engineering, research, product, design
Trajectory
steady
product-led hiring — 64% of open roles build product; the rest are go-to-market and G&A.
Counted from Form Energy's live job board as of 2026-09-15; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
T. Rowe Price · Breakthrough Energy Ventures · Energy Impact Partners · TPG Rise · ArcelorMittal · GIC
Products
100-hour iron-air battery (Form Pearl)
Competitors
ESS Tech · EnerVenue · Ambri · Antora Energy
EnergyBattery StorageLong-DurationClimate
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2024-Q3. Refreshed quarterly.