Developer docs
API playgroundTry for free, no card

Search company profiles

Romeo Power

Full company profile

uuid0000c5n

Namestring
Romeo Power
Websiteurl
romeopower.com
Company typeenum
Private
Founded yearint
2014
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersLos Angeles, United States
HQ citystring
Los Angeles
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
battery technology, energy storage systems, lithium-ion battery packs, electric vehicle batteries, battery management systems
Industry5 codes
1Battery Pack & Module Manufacturing (EV)
CodeIMACACAAPrimaryYes
2Battery Pack Manufacturing & Module Assembly
CodeEUAFABAIPrimaryNo
3Battery Modules & Packs (Industrial/Commercial pack assembly)
CodeIMAGAHABPrimaryNo
4Battery Pack Repair/Remanufacturing & Module/Cell Replacement
CodeTLAKAMABPrimaryNo
5Thermal Management & Safety Components for Battery Packs
CodeEUAFABALPrimaryNo
NAICS code1 code
  • Battery Manufacturing33591
SIC code1 code
  • Electronic & Other Electrical Equipment (No Computer Equip)3600
Product category
Electric Vehicle Battery Systems
Cost components5 values
Supply Chain, Personnel, Technology or R&D, Operations, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Romeo Power is a battery technology company that designs and manufactures energy-dense lithium-ion battery packs and integrated battery management systems. Its products target commercial electric vehicles, industrial fleets, and stationary energy storage applications, leveraging proprietary pack engineering and thermal management.

Differentiator
Functional benefit
Problem solved
Product and service3 records
1Energy-dense lithium-ion battery packs
CategoryElectric Vehicle Battery Systems
2Battery management systems
CategoryBattery Management Software
3Energy storage systems
CategoryStationary Energy Storage
Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Peers10 records
1Proterra
TypeDirect peer
Description

Proterra designs and manufactures battery packs for commercial electric vehicles including transit buses and trucks, directly comparable to Romeo Power's core product offering and target end markets.

2Microvast
TypeDirect peer
Description

Microvast manufactures lithium-ion battery packs and cells for commercial and specialty electric vehicles, with overlapping product portfolio and customer base in commercial transportation electrification.

3Our Next Energy (ONE)
TypeDirect peer
Description

ONE develops energy-dense battery packs for EVs including commercial applications, positioning it as a direct competitor in pack-level innovation and energy density optimization.

4KORE Power
TypeDirect peer
Description

KORE Power manufactures battery cells and packs for energy storage and e-mobility markets, sharing Romeo Power's industrial/commercial pack assembly focus and US manufacturing footprint.

5FREYR Battery
TypeDirect peer
Description

FREYR Battery produces lithium-ion battery cells and packs targeting EV and energy storage customers, making it a comparable peer in pack manufacturing scale-up and customer mix.

6Amprius Technologies
TypeDirect peer
Description

Amprius manufactures advanced silicon-anode lithium-ion batteries and packs for EV and aviation markets, sharing Romeo Power's pursuit of energy density improvements in EV applications.

7QuantumScape
TypeDirect peer
Description

QuantumScape develops next-generation solid-state battery technology for EVs, representing a peer pursuing advanced battery technology commercialization in automotive applications.

8EnerSys
TypeBroad incumbent
Description

EnerSys is a large established manufacturer of industrial batteries including motive power and energy storage products, offering broader portfolio overlap with Romeo Power's industrial/commercial battery focus.

9CATL
TypeBroad incumbent
Description

CATL is the world's largest battery manufacturer with extensive EV pack and module offerings, serving as the dominant incumbent in the broader EV battery market where Romeo Power competes.

10LG Energy Solution
TypeBroad incumbent
Description

LG Energy Solution is a global leader in EV battery cells, modules, and packs with automotive OEM relationships, representing the dominant scale incumbent competing against Romeo Power in commercial vehicle pack supply.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds7 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors4 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Romeo Power

Electric Vehicle Battery Systemsromeopower.com

Romeo Power firmographics

Firmographics
Name
Romeo Power
Website
https://romeopower.com
Company type
Private
Founded year
2014
Headcount range
251–500 employees
Ownership category
akta.pro rank

Romeo Power industry classification

Industry
Product category
Electric Vehicle Battery Systems
NAICS
Battery Manufacturing (33591)
SIC
Electronic & Other Electrical Equipment (No Computer Equip) (3600)
akta.pro primary industry
Battery Pack & Module Manufacturing (EV) (IMACACAA)
akta.pro secondary industries
Battery Pack Manufacturing & Module Assembly (EUAFABAI), Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Battery Pack Repair/Remanufacturing & Module/Cell Replacement (TLAKAMAB), Thermal Management & Safety Components for Battery Packs (EUAFABAL)

Keywords

  • Battery technology
  • Energy storage systems
  • Lithium-ion battery packs
  • Electric vehicle batteries
  • Battery management systems

Where Romeo Power is headquartered

Location

Headquarters

HQ city
Los Angeles
HQ country
United States
HQ region
North America

Markets served

Romeo Power business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Personnel, Technology or R&D, Operations, Infrastructure

Romeo Power product offering

Product offering

Core offering

Romeo Power is a battery technology company that designs and manufactures energy-dense lithium-ion battery packs and integrated battery management systems. Its products target commercial electric vehicles, industrial fleets, and stationary energy storage applications, leveraging proprietary pack engineering and thermal management.

Differentiator

Problem solved

Functional benefit

Products and services

  • Energy-dense lithium-ion battery packs
  • Battery management systems
  • Energy storage systems

Companies that use Romeo Power

Customer profile

Ideal customer profiles1 record

Romeo Power technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Romeo Power partnerships and signals

Strategic signal

Recent moves5 records

Romeo Power competitors and assessment

Company assessment

Direct peers

  • Proterra: Proterra designs and manufactures battery packs for commercial electric vehicles including transit buses and trucks, directly comparable to Romeo Power's core product offering and target end markets.
  • Microvast: Microvast manufactures lithium-ion battery packs and cells for commercial and specialty electric vehicles, with overlapping product portfolio and customer base in commercial transportation electrification.
  • Our Next Energy (ONE): ONE develops energy-dense battery packs for EVs including commercial applications, positioning it as a direct competitor in pack-level innovation and energy density optimization.
  • KORE Power: KORE Power manufactures battery cells and packs for energy storage and e-mobility markets, sharing Romeo Power's industrial/commercial pack assembly focus and US manufacturing footprint.
  • FREYR Battery: FREYR Battery produces lithium-ion battery cells and packs targeting EV and energy storage customers, making it a comparable peer in pack manufacturing scale-up and customer mix.
  • Amprius Technologies: Amprius manufactures advanced silicon-anode lithium-ion batteries and packs for EV and aviation markets, sharing Romeo Power's pursuit of energy density improvements in EV applications.
  • QuantumScape: QuantumScape develops next-generation solid-state battery technology for EVs, representing a peer pursuing advanced battery technology commercialization in automotive applications.

Broad incumbents

  • EnerSys: EnerSys is a large established manufacturer of industrial batteries including motive power and energy storage products, offering broader portfolio overlap with Romeo Power's industrial/commercial battery focus.
  • CATL: CATL is the world's largest battery manufacturer with extensive EV pack and module offerings, serving as the dominant incumbent in the broader EV battery market where Romeo Power competes.
  • LG Energy Solution: LG Energy Solution is a global leader in EV battery cells, modules, and packs with automotive OEM relationships, representing the dominant scale incumbent competing against Romeo Power in commercial vehicle pack supply.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Romeo Power social profiles

Digital presence

Romeo Power financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Romeo Power leadership team

Management profile

Number of profiles

Profiles5 records

Romeo Power funding detail

Funding detail

Funding overview

Funding rounds7 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Romeo Power M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Romeo Power

What does Romeo Power do?

Romeo Power is a battery technology company that designs and manufactures energy-dense lithium-ion battery packs and integrated battery management systems. Its products target commercial electric vehicles, industrial fleets, and stationary energy storage applications, leveraging proprietary pack engineering and thermal management.

When was Romeo Power founded?

Romeo Power was founded in 2014. It employs 251 to 500 people.

Where is Romeo Power based?

Romeo Power is headquartered in Los Angeles, United States, in the North America region.

Who are Romeo Power's main competitors?

Direct peers on record are Proterra, Microvast, Our Next Energy (ONE), KORE Power, FREYR Battery, Amprius Technologies and QuantumScape. Broad incumbents are EnerSys, CATL and LG Energy Solution.

Does Romeo Power have an API?

No public API is recorded for Romeo Power.

What industry is Romeo Power in?

Romeo Power's product category is Electric Vehicle Battery Systems. Its primary akta.pro industry code is IMACACAA, Battery Pack & Module Manufacturing (EV), with a secondary code of EUAFABAI, Battery Pack Manufacturing & Module Assembly. Its NAICS code is 33591 and its SIC code is 3600.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
PR NewswireGlancy Prongay & Murray LLP Announces Pendency of Class Action and Proposed Settlement Involving Purchasers of Romeo Power, Inc. Common Stock and Warrants, and RMG Acquisition Corp. Class A Common StoA United States District Court for the Southern District of New York has certified a class action settlement in the Romeo Power Inc. securities litigation, with the proposed settlement amount of $14.9 million in cash to resolve all claims for purchasers of Romeo Power and RMG Acquisition Corp. securities between October 5, 2020 and August 16, 2021. The settlement hearing is scheduled for July 10, 2024, and class members must submit claim forms by May 29, 2024, or request exclusion by June 19, 2024. The case was originally filed as Case No. 1:21-cv-03362-LGS.GlobeNewswireMullen Acquires Battery Pack Production Assets From Romeo PowerMullen Automotive acquired battery pack production assets from Romeo Power for approximately $3.5 million, including equipment, inventory, and intellectual property. The purchase reduces reliance on third-party suppliers and integrates into Mullen's Monrovia facility. The company expects to enhance its battery pack production capabilities in California and the U.S.BenzingaWhy Is Nikola Stock Trading Lower Wednesday?Nikola Corp stock is trading lower after reports emerged that the company plans to liquidate the assets of battery maker Romeo Power less than a year after acquiring it for approximately $144 million in stock. The electric truck maker has struggled to satisfy investors amid overblown commodity costs and tight access to capital since 2022. The article positions Nikola's challenges as part of a broader trend of difficulties facing EV startups.PR NewswirePlant Closure Puts Industrial Equipment and Thousands of Lithium-Ion EV Battery Cells on the MarketTiger Group is holding a July 13, 2023 online auction featuring assets from Romeo Power's 215,000-square-foot EV battery assembly plant in Cypress, California, including over 200,000 Samsung lithium-ion battery cells and industrial equipment valued at approximately $16 million. The plant closure stems from Nikola Corp., Romeo Power's owner and largest customer, which is consolidating battery manufacturing to its own facilities in Coolidge, Arizona. The auction includes CNC machines, Fanuc robots, testing equipment, and other manufacturing assets from the now-shuttered facility.LeylinecapitalClean Technology Mergers in Battery Energy Storage and Electric VehiclesThe article reviews clean technology merger and acquisition trends in battery energy storage and electric vehicles over the past 18 months, highlighting three key patterns: renewable energy developers acquiring stand-alone battery storage companies (Eolian acquiring Able Grid Energy, Equinor acquiring East Point Energy), infrastructure firms expanding into battery storage (Generate Capital acquiring esVolta), and technology companies moving up the supply chain (Sensata Technologies acquiring Dynapower for $580 million). In the EV sector, Nikola acquired Romeo Power for $144 million to address supply chain disruptions, while Wallbox acquired Coil Electric to expand its charging service footprint. The article projects continued consolidation in both sectors driven by the Inflation Reduction Act's stand-alone energy storage tax credit and the need to mitigate supply chain vulnerabilities from imported components.PR NewswireElectric Vehicles of All Sizes and Variety Hitting the Market Driving Multi-Billion Dollar Growth OpportunitiesCustom Market Insights projects the global electric vehicle market will grow from approximately USD 170 billion in 2021 to around USD 1,105 billion by 2030, with a compound annual growth rate of roughly 23%, while plug-in hybrid electric vehicles are expected to see even faster growth exceeding 105% CAGR. EV battery costs have declined significantly from approximately USD 1,100 per kWh in 2010 to around USD 137 per kWh by 2020, making electric vehicles more affordable and driving market expansion. Several EV manufacturers reported notable developments, including Mullen Automotive eliminating approximately $13 million in debt, Nikola completing its acquisition of Romeo Power, and Lucid Group launching vehicle accessories including a home charging station.Business InsiderElectric-truck maker Nikola lays off 15% of Romeo Power's workforce in post-$144 million acquisition restructuringNikola Corp. laid off 45 employees of Romeo Power, 15% of its salaried workforce, after completing a $144 million acquisition. The cuts included nine executives in duplicative roles, with the rest integrated. Nikola aims to deliver 300-500 production trucks this year.PR NewswireNikola Completes Exchange Offer to Acquire Romeo Power Common StockNikola Corporation completed its exchange offer to acquire Romeo Power, Inc., with approximately 93.16 million shares (50.1% of outstanding) tendered by the October 12, 2022 deadline, satisfying the minimum condition for the all-stock transaction. Under the merger agreement terms, Romeo stockholders will receive 0.1186 shares of Nikola common stock for each Romeo share, representing approximately 4.5% pro forma ownership of Nikola. Upon completion, Romeo will become a wholly owned subsidiary of Nikola and Romeo common stock will be delisted from the New York Stock Exchange.BenzingaMaking EV Batteries In US Will Be 'Nicely Profitable' For Decades To Come, Says Munster: Could These 5 StLoup Funds venture capitalist Gene Munster predicts that EV battery manufacturing in the United States will be a profitable industry for decades, driven by the Inflation Reduction Act's tax credits of $35/kWh for battery cell manufacturers and $10/kWh for module manufacturers, while currently 99% of EV batteries are produced in Asia. The article identifies several domestic battery manufacturers including Albemarle Corporation, QuantumScape Corporation, Romeo Power, Microvast Holdings, and FREYR Battery as potential beneficiaries of this market opportunity. Munster's analysis positions US-based production as a significant growth area as the country works to reduce reliance on Asian supply chains.PR NewswireShareholder Alert - The M&A Class Action Firm Announces the Investigation of Romeo Power, Inc. - RMOMonteverde & Associates PC, a securities class action law firm, announced it is investigating the proposed acquisition of Romeo Power, Inc. (RMO) by Nikola Corp. Under the terms of the merger, RMO shareholders are expected to receive 0.1186 shares of Nikola per share they own. The law firm is offering free information to shareholders wishing to protect their investments.