What it sells
Iron-air batteries.
Business model breakdown
Buyer: who owns the budget?
UnverifiedUtilities and grid / renewable-project operators needing long-duration storage (inferred; first batteries to be grid-connected next year, scaled production in 2027).
Workflow: what inputs become what output?
Iron-air battery: discharges by turning metallic iron into rust with air, charges by reversing; modular units, non-flammable.
Economics: what it saves and how it charges
Hardware sales of storage systems scalable from MWh to GWh; claims fraction of the cost of current batteries.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| 2026-08-05 | Series A | $43M | — | news.google.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.