Prime Movers Lab led a $100m Series C funding round in Energy Vault.

Prime Movers Lab, a venture capital firm, led a $100m Series C funding round in Energy Vault, a creator of gravity-based, grid-scale energy storage solutions. Additional investors include SoftBank Vision Fund, Saudi Aramco Energy Ventures, Helena, Idealab X, Pickering Energy Partners through, SailingStone, AT Gekko, Crexa Capital, Green Storage Solutions and Gordon Crawford. The capital raised will be used to support execution of the Company’s growth plans as it ramps up multi-continent deployments of its innovative EVx platform, including fulfilling a strong pipeline of customer agreements across markets in the US, Middle East, Europe, and Australia. “The world is at a critical inflection point in the shift towards broader adoption of renewable energy sources. Energy Vault is accelerating this transformation as we now move to global deployments and market adoption of the technology to help energy providers and industrial customers more cost-effectively meet their sustainability and decarbonization goals," Robert Piconi, Energy Vault CEO and Co-Founder.