Africa's Markets, Startups & Money Moves — Updated Daily

Battery Startup Form Energy Closes $750 Million to Expand Its Manufacturing Capacity

Battery startup Form Energy said on Wednesday that it has raised $750 million to expand its manufacturing capacity in West Virginia, the latest sign that the AI data center building boom is fueling investment in energy storage.

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Base Power Latest Funding Round Values the Company at a $13 Billion Post-Money Valuation

The Series D values the company at a $13 billion post-money valuation. Base Power is installing about 100 batteries per day, according to The Wall Street Journal report, and it hopes to double that by the end of the year

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Stripe’s Valuation Hits $159 Billion

Stripe announced that this latest secondary transaction now values the company at $159 billion. Investors buying the shares include Thrive Capital, Coatue, Andreessen Horowitz, and Stripe itself.

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