# Ambri

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ambri

- Industry: Energy Storage & Batteries
- Headquarters: Marlborough, US
- Website: www.ambri.com
- Total disclosed funding: $194M
- Latest round: Series E (Aug 9, 2021)
- Investors on record: 7

## About

Ambri Inc., based in the US, specializes in developing innovative long-duration energy storage solutions that enhance electric grid operations and facilitate renewable energy integration.Founded in 2010 and headquartered in Marlborough, US, Ambri Inc. focuses on liquid metal battery technology aimed at improving energy storage capabilities. The company was established by David Bradwell and Donald Sadoway, with Phil Giudice serving as CEO. Ambri has secured USD 7.36 mn in total funding from 7 deals, with the most recent being in August 2024.Ambri specializes in long-duration energy storage solutions through its innovative Liquid Metal™ battery technology. This technology enhances electric grid performance by integrating renewable energy sources like solar and wind while reducing dependence on fossil fuels. The batteries are designed for daily cycling, have a lifespan exceeding 20 years, and exhibit minimal degradation. Key applications include energy shifting, capacity firming, and ancillary services, catering to utility companies and sustainability-focused corporations, including Microsoft. Ambri's products are deployed in various markets, including the United States and India.Ambri generates revenue primarily through direct sales and partnerships with utility companies and corporations enhancing their energy storage capabilities. The company sells modular, scalable battery systems tailored to specific energy demands. Partnerships with organizations like Microsoft and Xcel Energy play a crucial role in Ambri's strategy, ensuring long-term supply contracts and maintenance agreements, thereby fostering ongoing revenue from these relationships as they address the increasing demand for reliable energy storage solutions.Ambri Inc. plans to leverage its recent funding of USD 7.36 mn raised in August 2024 to support the development of new products, expand into new markets, and enhance existing capabilities. The company is targeting increased deployments in international markets, particularly aiming to grow its presence in India and other regions by 2025, while continuing to innovate within its Liquid Metal™ battery technology.

## Funding rounds

- Series E, Aug 9, 2021, $144M — Paulson & Co., FORTISTAR, Reliance Industries Limited, Japan Energy Capital
- Series C, May 2, 2014, $35M — Khosla Ventures, TotalEnergies, KLP Enterprises
- Series B, May 24, 2012, $15M — Khosla Ventures

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series B, Series C
- TotalEnergies — Series C
- KLP Enterprises — Series C
- Paulson & Co. — Series E
- FORTISTAR (https://capitalatlas.ai/funds/fortistar) — Series E
- Reliance Industries Limited — Series E
- Japan Energy Capital (https://capitalatlas.ai/funds/japan-energy-capital) — Series E