When was Energy Vault founded?

Energy Vault was founded in 2017 and raised its 1st funding round 2 years after it was founded.

Where is Energy Vault located?

Energy Vault is headquartered in Lugano, Switzerland. It is registered at 10 SWAN DRIVE,ALDERMASTON,READING,BERKSHIRE,ENGLAND,RG7 4UZ.

Who is the current CEO of Energy Vault?

Robert Piconi of Energy Vault. They have also founded 1 company.

How many employees does Energy Vault have?

As of Jun 30, 2026, the latest employee count at Energy Vault is 193.

Is Energy Vault a funded company?

Energy Vault is a funded company, having raised a total of $110M across 8 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on May 17, 2019.

When was the latest funding round of Energy Vault?

Energy Vault's latest funding was a $***** Post IPO round on Feb 18, 2026, with participation from 0 investor.

What is the annual revenue of Energy Vault?

Annual revenue of Energy Vault is between $100M and $500M as on Dec 31, 2025

Where does Energy Vault rank among its competitors?

Energy Vault ranks 1st amongst 14 active competitors, of which 3 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Energy Vault, which secured $136M in Feb, 2026.

Who are the top competitors of Energy Vault?

Energy Vault's top competitors include Green Gravity, Gravitricity and Buolectric. Among them, Energy Vault secured the most recent funding round in February, 2026.

Energy Vault - 2026 Company Profile, Team, Funding, Competitors & Financials

Energy Vault is a public company based in Lugano (Switzerland), founded in 2017 by Robert Piconi. It operates as a Provider of energy storage solutions encompassing battery, gravity, and hydrogen technologies. Energy Vault has raised $110M in funding from CEMEX Ventures and SoftBank Vision Fund. The company has 14 active competitors, including 3 funded and 1 that has exited. Its top competitors include companies like Green Gravity, Gravitricity and Buolectric.

Company Details

Provider of energy storage solutions encompassing battery, gravity, and hydrogen technologies. The company delivers hardware, software, and service solutions designed for scalability, flexibility, and adaptability. Its products include battery energy storage systems, gravity energy storage, and hydrogen energy storage. The company’s software provides real-time monitoring, operational control, and optimized dispatch across an array of energy assets.

Website: www.energyvault.com/
Social
Email ID: *****@energyvault.com
Registered Address: 10 SWAN DRIVE,ALDERMASTON,READING,BERKSHIRE,ENGLAND,RG7 4UZ

Key Metrics

Founded Year

2017

Location

Lugano, Switzerland

Stage

Public

Total Funding

$110M in 8 rounds

Latest Funding Round

Post IPO, Feb 18, 2026, $*****

Investors

CEMEX Ventures & 19 more

Ranked

1^st among 14 active competitors

Annual Revenue

$100M - $500M as on Dec 31, 2025

Employee Count

193 as on Jun 30, 2026

Investment & Acquisitions

KORE Power

Similar Companies

Gravitricity & 7 more

Exit Details

Public

View Energy Vault's full profile

Energy Vault is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ENERGY VAULT HOLDINGS, INC. CIN: 1828536 , United States, Active		$100M - $500M (As on Dec 31, 2025)	-	-
ENERGY VAULT LIMITED CIN: 7434468 , United Kingdom, Active	Nov 08, 2010	£0 - £1M (As on Nov 30, 2024)	1 (As on Nov 30, 2024)
Energy Vault, Inc. CIN: 20218111789 , United States, Active	Nov 24, 2021	-	-	-
Energy Vault AG CIN: 134.914.795 , Switzerland, Active	Jan 01, 2017	-	-	-

Energy Vault got listed on Apr 01, 2021.

Click here to take a look at Energy Vault's IPO in detail

Energy Vault has raised a total funding of $110M over 8 rounds. Its first funding round was on May 17, 2019. Energy Vault has 19 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Energy Vault:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 18, 2026	7633426	Post IPO	6002739	5138919	7165522	1664329
Oct 09, 2025	1443568	Post IPO	2043870	1741377	8334269	OIC
Jan 05, 2022	1665372	Post IPO	8378635	2732066	7435768	Korean Zink

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View details of Energy Vault's funding rounds and investors

The founders of Energy Vault is Robert Piconi. Robert Piconi is the CEO of Energy Vault.

Here are the details of Energy Vault's key team members:

Robert Piconi: Co-Founder & CEO of Energy Vault.
Contact Info: 1 email address

View details of Energy Vault's Founder profiles and Board Members

Energy Vault's employee count trend

Energy Vault has 193 employees as of Jun 26. Here is Energy Vault's employee count trend over the years:

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Top competitors of Energy Vault include Green Gravity, Gravitricity and Buolectric. Here is the list of Top 10 competitors of Energy Vault, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Energy Vault 2017, Lugano (Switzerland), Public	Provider of energy storage solutions encompassing battery, gravity, and hydrogen technologies	$110M	Neuberger Berman, Goldman Sachs & 18 others	69/100
2nd	Green Gravity 2021, Wollongong (Australia), Series A	Developer of gravitational energy storage systems using disused mine shafts	$7.42M	HMC Capital, BlueScopeX & 2 others	53/100
3rd	Gravitricity 2011, Edinburgh (United Kingdom), Seed	Provider of gravity-based energy storage system	$6.84M	Zero Carbon Capital, Gov & 28 others	45/100
4th	Buolectric 2021, Coventry (United Kingdom), Unfunded	Developer of buoyancy-based energy storage system using water reservoirs and buoys	-	-	24/100
5th	Terrament 2020, Brooklyn (United States), Unfunded	Developer of modular underground gravity storage for long-duration energy needs	-	-	23/100
6th	Aurora Energy Chicago (United States), Seed	Developer of vertical gravity energy storage systems for grid balancing	$250K	-	17/100
7th	Muntazenergy Prakasam (India), Unfunded	Developer of gravity-based mechanical battery technology for green energy storage	-	-	16/100
8th	Gravilectric 2020, Unfunded	Developer of technology to produce renewable energy from gravity	-	-	16/100
9th	Gravine Project Ottawa (Canada), Unfunded	Developer of fuelless technology providing reliable electricity for a sustainable future	-	-	16/100
10th	AEnergy Power Assago (Italy), Unfunded	Developer of energy regeneration and storage systems for various applications	-	-	16/100