Mainspring stock

Mainspring Stock

Industrial and Transportation

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Founded: 2010Funding to Date: $791Mhttps://www.mainspringenergy.com

Mainspring, a manufacturer of linear power generators, aims to provide affordable, reliable and net-zero carbon grids for the future. The generators from the company utilize a low-temperature reaction between air and fuel to propel magnets through copper coils, resulting in the efficient production of electricity. This allows customers to access electricity at a reduced cost, with better reliability and lower carbon emissions than the conventional electric grid.

Investors Include:

M&G, Pictet, Marunouchi Innovation Partners, American Electric Power Company, William Gates, Equinor Ventures, LGT Bank Austria, Standard Investments, Fidelity Investments, DCVC, Temasek Holdings, U.S. Department of Energy, Trog Hawley Capital, Trinity Capital, The Climate Pledge, Enagás, NextEra Energy, Princeville Capital, Gates Frontier, Hanwha, Shell Ventures, CPP Investments, KCK Group, Fine Structure Ventures, Khosla Ventures.

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