Energy and battery startup Romeo Power announced it has secured $30 million in seed financing from an undisclosed investor.
Top engineers and designers from SpaceX, Tesla, Samsung, Apple, and Amazon started Romeo Power in 2015 with the belief that safe and reliable energy is crucial to the advancement of human health and economic development. The company has created the most energy-dense battery packs in the world. Its cutting-edge consumer, industrial, and electric vehicle (EV) battery systems deliver more energy in a highly efficient manner. Romeo can provide power for devices from cellphones and telecom base stations to the largest EVs.
According to the company, Romeo Power will use the proceeds to ramp up production of its lithium-ion battery packs for electric vehicle and stationary storage applications.