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Romeo Power
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Short description

Manufacturer of industrial and electric vehicle (EV) battery packs

Founded in 2015
Founded in

Company type Public Public (RMO.WT)
Company type

Industry Group energy & power

Sector energy storage

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Santa Monica, CA Santa Monica, United States
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  • 1 M&A items
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Date Company
Partnerships
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Date Partner Type
03/11/2022
Wrightspeed Wrightspeed
Partnership to leverage Romeo Power’s high-capacity battery pack and module technology with Wrightspeed’s high torque, high-efficiency powertrain to accelerate electrification in the bus, and medium and heavy duty truck markets.
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Confirmed by Wrightspeed
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IPO INFORMATION

Date

09/29/2020

IPO status

Listed

IPO Type

SPAC

Amount

$394M

Initial shares

Ticker symbol

RMO.WT

Exchange listed

NYSE

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Description

Romeo Power is now valued at a $900 million pre-money enterprise value and resulted in Romeo Power raising approximately $394 million (prior to expenses) in additional equity funding. The additional funds are expected to support Romeo Power’s continued growth and innovation, infrastructure, and R&D investments. Going public through a merger with blank-check company RMG Acquisition.

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Date Investors Type Amount
08/05/2019 HG Ventures HG Ventures (1)
Post-money valuation of
Funding will be used to scale production and enable industry partnerships.
 Series A $4,000,000
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