Form Energy raises $450 million funding round

One of the largest funding rounds raised this year by a single tech company came from a sector that won’t surprise longtime Massachusetts tech observers: batteries. Form Energy, a maker of iron-air batteries that can store clean energy for days without incurring in high costs, said on Tuesday it raised $450 million in a late-stage investment. Sarah Bray, a spokesperson for Form Energy, said in an email that the company does not need to rely on public markets for capital at this time.

Source: Form Energy raises $450 million funding round, plans to build manufacturing facility – Boston Business Journal