When was Morrow Batteries founded?

Morrow Batteries was founded in 2020 and raised its 1st funding round 1 year after it was founded.

Where is Morrow Batteries located?

Morrow Batteries is headquartered in Oslo, Norway. It is registered at Havnegaten 2, 4836, ARENDAL.

Who is the current CEO of Morrow Batteries?

Lars Christian Bacher of Morrow Batteries. They are also an angel investors in 1 startup.

Which legal entities is Morrow Batteries associated with?

Morrow Batteries is associated with MORROW BATTERIES AS and 2 others.

How many employees does Morrow Batteries have?

As of May 31, 2026, the latest employee count at Morrow Batteries is 166.

Is Morrow Batteries a funded company?

Morrow Batteries is a funded company, having raised a total of $259M across 4 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on Sep 07, 2021.

How much is Morrow Batteries worth?

The latest valuation of Morrow Batteries is $***** as of Sep 07, 2021.

When was the latest funding round of Morrow Batteries?

Morrow Batteries' latest funding was a $***** Series D round on Sep 28, 2023, with participation from 5 investors.

Where does Morrow Batteries rank among its competitors?

Morrow Batteries ranks 7th amongst 776 active competitors, of which 84 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was GridCARE, which secured $64M in May, 2026.

Who are the top competitors of Morrow Batteries?

Morrow Batteries' top competitors include A123 Systems, Sonnen and Amperehour Solar Technology. Among them, GridCARE secured the most recent funding round in May, 2026.

Morrow Batteries - 2026 Company Profile, Team, Funding, Competitors & Financials

Morrow Batteries is a series D company based in Oslo (Norway), founded in 2020 by Rahul Fotedar and Pal Brun. It operates as a Manufacturer of battery cells for energy transition and storage solutions. Morrow Batteries has raised $259M in funding from investors like Siemens, ABB and Maj Invest, with a current valuation of $*****. The company has 776 active competitors, including 84 funded and 53 that have exited. Its top competitors include companies like A123 Systems, Sonnen and Amperehour Solar Technology.

Company Details

Manufacturer of battery cells for energy transition and storage solutions. The company focuses on developing sustainable battery technology for various applications. It produces battery cells and conducts research into future battery technologies. The organization aims to provide solutions for decarbonization, electrification, and sustainable energy systems.

Website: www.morrowbatteries.com
Social
Email ID: *****@morrowbatteries.com
Registered Address: Havnegaten 2, 4836, ARENDAL

Key Metrics

Founded Year

2020

Location

Oslo, Norway

Stage

Series D

Total Funding

$259M in 4 rounds

Latest Funding Round

Series D, Sep 28, 2023, $*****

Post Money Valuation

$***** as on Sep 07, 2021

Investors

Siemens & 18 more

Ranked

7^th among 776 active competitors

Employee Count

166 as on May 31, 2026

Similar Companies

The Energy Company & 66 more

View Morrow Batteries' full profile

Morrow Batteries is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
MORROW BATTERIES ASA CIN: 913102436 , Norway, Active	Jan 09, 2014	-	54 (As on Dec 31, 2022)
Morrow Batteries GmbH CIN: HRB222170 , Germany, Active		-	-
MORROW BATTERIES AS CIN: 913102436 , Norway, Active	Jan 09, 2014	$1M - $10M (As on Dec 31, 2023)	136 (As on Dec 31, 2023)

Morrow Batteries has raised a total funding of $259M over 4 rounds. Its first funding round was on Sep 07, 2021. Its latest funding round was a Series D round on Sep 28, 2023 for $*****. 5 investors participated in its latest round. Morrow Batteries has 11 institutional investors and 8 angel investors.

Here is the list of recent funding rounds of Morrow Batteries:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 28, 2023	6296499	Series D	5094513	7585345	6284893	9689556
May 16, 2023	3504534	Series C	1509355	4393720	5240273	A Energi & 3 more
May 22, 2022	4281885	Series C	3901761	2960323	Siemens & 1 more	Nysno & 3 more

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View details of Morrow Batteries's funding rounds and investors

The founders of Morrow Batteries are Rahul Fotedar and Pal Brun. Lars Christian Bacher is the CEO of Morrow Batteries.

Here are the details of Morrow Batteries' key team members:

Rahul Fotedar: Co-Founder & CTO of Morrow Batteries. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Pal Brun: Co-Founder of Morrow Batteries.
Contact Info: 1 email address
Lars Christian Bacher: CEO of Morrow Batteries. They are also an angel investor in 1 startup.
Contact Info: 1 email address

Morrow Batteries' Board of Directors

Morrow Batteries's board has 5 active members. Kristin Anette Eskeland Dale, Roger Ernst Buchmann, Kristine Lindland, Atle Knudsen and Tor Øystein Repstad are independent board members.

Here is the list of Morrow Batteries' board of directors:

Name	Type	Representing	Status	Duration
Kristin Anette Eskeland Dale	Independent board member	-	Current	-
iynhxtb	Independent board member	-	Current	1y 3m
nvwzxhp	Independent board member	-	Current	7y 4m
tnnnz{i	Independent board member	-	Current	1y 8m
mdkqkou	Independent board member	-	Current	4y 4m

View details of Morrow Batteries's Founder profiles and Board Members

Morrow Batteries' employee count trend

Morrow Batteries has 166 employees as of May 26. Here is Morrow Batteries's employee count trend over the years:

Employee count trend for Morrow Batteries

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Top competitors of Morrow Batteries include A123 Systems, Sonnen and Amperehour Solar Technology. Here is the list of Top 10 competitors of Morrow Batteries, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	A123 Systems 2001, Hangzhou (China), Public	Manufacturer of automotive lithium-ion batteries	$201M	General Electric, Qualcomm Ventures & 19 others	76/100
2nd	Sonnen 2010, Wildpoldsried (Germany), Acquired	Developer of energy storage systems and smart energy solutions hardware	$180M	Shell, SET Ventures & 9 others	74/100
3rd	Amperehour Solar Technology 2017, Pune (India), Series A	Provider of energy storage systems and energy management platform solutions	$7.45M	VHGB, Wellfound & 23 others	66/100
4th	Corvus Energy 2009, Nesttun (Norway), Acquired	Developer of energy storage systems (ESS) based on lithium NMC technology	$88.2M	Morgan Stanley, Equinor & 10 others	66/100
5th	Microvast 2006, Stafford (United States), Public	Manufacturer of lithium-ion battery solutions for transportation, heavy equipment, and storage	$430M	IFC, Ashmore & 7 others	64/100
6th	Base Power 2023, Austin (United States), Series C	Provider of battery storage system	$1.3B	Addition, Valor Equity Partners & 17 others	64/100
7th	Morrow Batteries 2020, Oslo (Norway), Series D	Manufacturer of battery cells for energy transition and storage solutions	$259M	UBS, Siemens & 17 others	64/100
8th	Moment Energy 2020, Port Coquitlam (Canada), Series B	Provider of battery energy storage systems using repurposed electric vehicle batteries	$100M	Evok Innovations, The Climate Pledge & 19 others	64/100
9th	Haven Energy 2022, Austin (United States), Series B	Online platform offering energy storage solutions	$51.2M	Giant Ventures, Lerer Hippeau & 10 others	63/100
10th	GridCARE 2024, Redwood City (United States), Series A	Provider of AI data center power solutions leveraging existing grid infrastructure	$77.5M	Temasek, Xora Innovation & 20 others	63/100