# Element Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/element-energy

- Industry: Energy Storage & Batteries
- Headquarters: Menlo Park, US
- Website: www.elementenergy.com
- Total disclosed funding: $101M
- Latest round: Series B (Nov 14, 2023)
- Investors on record: 11

## About

Founded in 2019, and based in California, US, Element Energy, Inc. operates as an energy management company that provides a battery management technology to control lithium-ion battery packs for its customers. The company was founded by its President and CEO, Anthony Stratakos; COO, Seth Kahn; and CSO, Rainer Fasching. In 2020, Element Energy raised venture funding from new investors Edison International, LG Technology Ventures, Prelude Ventures, and Radar Partners. As of 2022, the company has offices in the US and South Korea.

Element Energy offers a patented battery management system technology called Cell-Level BMS™, that uses adaptive cell-learning algorithms to increase the performance, safety, and lifespan of large lithium-ion battery packs while lowering costs. The system provides its users with control over the charge and discharge of each individual cell inside the lithium-ion battery pack to increase its energy throughput.

## Funding rounds

- Series B, Nov 14, 2023, $73M — Radar Partners, FM Capital, Prelude Ventures, Mitsubishi Heavy Industries, LG Technology Ventures, Keyframe Capital Partners, Edison International Welfare Benefit Plan, AFW Partners, Cohort Ventures, Drive Catalyst
- Series B, Dec 14, 2022, $28M — Radar Partners, Edison International, Prelude Ventures, LG Technology Ventures, Cohort Ventures

## Investors

- Radar Partners (https://capitalatlas.ai/funds/radar-partners) — Series B
- Edison International — Series B
- Prelude Ventures — Series B
- LG Technology Ventures (https://capitalatlas.ai/funds/lg-technology-ventures) — Series B
- Cohort Ventures (https://capitalatlas.ai/funds/cohort-ventures) — Series B
- FM Capital (https://capitalatlas.ai/funds/fm-capital) — Series B
- Mitsubishi Heavy Industries — Series B
- Keyframe Capital Partners — Series B
- Edison International Welfare Benefit Plan — Series B
- AFW Partners (https://capitalatlas.ai/funds/afw-partners) — Series B
- Drive Catalyst (https://capitalatlas.ai/funds/drive-catalyst) — Series B