Tech Company Financing Transactions
Rondo Energy Funding Round
On 6/26/2024, Rondo Energy secured $100 million in funding from Breakthrough Energy Ventures, Microsoft Climate Innovation Fund and Rio Tinto.
Transaction Overview
Company Name
Announced On
6/26/2024
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$100,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The funding will bankroll thermal batteries at a Covestro polymers plant in Germany, a GreenLab industrial park in Denmark, and an undisclosed food and beverage plant in Portugal.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
2878 Prune Ave. S
Fremont, CA 94539
USA
Fremont, CA 94539
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Rondo Energy has a new, surprisingly simple solution to the critical need for low cost, zero-carbon heat. Intermittent wind and solar power charge the Rondo Heat Battery, which supplies continuous heat to industrial processes making food, fuels, water, metals, chemicals, and cement.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
John O'Donnell
Chief Technical Officer
Peter von Behrens
Vice President
Carlos Ceballos
VP - Engineering
Matthieu Jonemann
VP - Engineering
Robert Ratz
VP - Engineering
Chiaki Treynor
VP - General Counsel
Matthew Rainey
VP - Product Management
Matthew Perkins
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