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    Sequoia Invests $100M in Form Energy Battery Tech

    Partner David Cahn states Sequoia is investing $100M in Form Energy's battery technology.

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    3 Sources, 29d ago, first seen 29d ago

    TLDR

    David Cahn, a Partner at Sequoia Capital, posted that the firm is investing $100M in Form Energy. The company spent nearly a decade building new battery technology and a US manufacturing base to produce it. Cahn wrote that rebuilding the American grid is a prerequisite for AI to achieve its full potential. He first met Form Energy founder mateojaramill in spring 2020, when the founder shared the ambitious idea to build the technology.

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    3 Sources, first seen 29d ago

    Combined views

    69K

    3 Sources, first seen 29d ago

    152 likes
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    12 comments
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    10 reposts

    Sentiment

    Positive——Negative

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    3 Sources

    @DavidCahn6Rebuilding the American grid is a prerequisite for AI to achieve its full potential. @FormEnergyInc spent nearly a decade building a fundamentally new battery technology and a US manufacturing base to produce it. @sequoia is investing $100M. I first met @mateojaramill in spring 2020. He shared an ambitious idea: build a new battery technology that could store energy for days, not hours, using two of the cheapest and most abundant inputs imaginable – iron and air. Since then, Form has proved that its batteries can compete with gas and can scale, winning its first big hyperscale contract earlier this year. We believe Form Energy can become America’s battery champion.
    @sequoiaRT @DavidCahn6: Rebuilding the American grid is a prerequisite for AI to achieve its full potential. @FormEnergyInc spent nearly a decade…
    @andrew__reedView post on X

    3 Sources

    @DavidCahn6Rebuilding the American grid is a prerequisite for AI to achieve its full potential. @FormEnergyInc spent nearly a decade building a fundamentally new battery technology and a US manufacturing base to produce it. @sequoia is investing $100M. I first met @mateojaramill in spring 2020. He shared an ambitious idea: build a new battery technology that could store energy for days, not hours, using two of the cheapest and most abundant inputs imaginable – iron and air. Since then, Form has proved that its batteries can compete with gas and can scale, winning its first big hyperscale contract earlier this year. We believe Form Energy can become America’s battery champion.
    @sequoiaRT @DavidCahn6: Rebuilding the American grid is a prerequisite for AI to achieve its full potential. @FormEnergyInc spent nearly a decade…
    @andrew__reedView post on X