Cohort Ventures, a venture capital firm, led a $73m funding round in Element Energy, a Menlo Park-based Battery Management Technology company, with participation from Mitsubishi Heavy Industries, Drive Catalyst, FM Capital, AFW Partners, LG Technology Ventures, Edison International, Prelude Ventures, and Radar Partners. "We founded Element with the mission to speed the adoption of clean energy with technology honed in the semiconductor industry. Seeing a soaring number of new battery storage installations, our market-leading partners are realizing the value of improving the safety, lifetime and efficiency of batteries. With the additional capital and global partnerships from our Series B, we will further invest in and deploy our technology across target markets and applications, including SaaS for existing and new energy storage systems, hardware and software for new energy storage systems, and full battery energy storage systems using second life batteries," Tony Stratakos, Element Energy CEO and Co-Founder.