Malta key facts
- Developer of an electro-thermal energy storage technology designed to collect and store energy for long durations.
- It has raised $108.5M across 2 recorded rounds; the latest was Later Stage VC in Oct 2024.
- Notable investors include U.S. Department of Energy, Greentown Labs, Breakthrough Energy, Chevron Technology Ventures, Dustin Moskovitz — 17 tracked in total.
- Status: Privately Held (backing).
Who backs Malta
17+- ·The complete investor list: 17 names
- ·Watch Malta: the Monday email on marks, rounds and moves
Malta funding rounds
2 roundsHow much has Malta raised?
Malta has raised $109 million in total; 2 of its rounds are on record. The largest on record was a $60.9 million Series B in Aug 2021; the most recent was a later-stage round in Oct 2024.
Malta investors
17 investors are on record for Malta, including U.S. Department of Energy, Greentown Labs, Breakthrough Energy and Chevron Technology Ventures. The later-stage round in Oct 2024 drew 12 investors.
About Malta
Developer of an electro-thermal energy storage technology designed to collect and store energy for long durations. The company's technology mitigates wind and solar curtailment with the improved matching of generation and demand, while removing the bottleneck in both distribution and transmission systems and dispatching it as needed to the grid, enabling grid operators and energy industry players to get access to affordable and timely delivery of electricity.
- Industry
- Energy Storage
- Sector
- Energy
- HQ
- Cambridge, MA, United States
- Founded
- 2018
- Employees
- 17
- Website
- maltainc.com/
- Ownership
- Privately Held (backing)
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Malta doesn't have a valuation on record yet — one is published once a priced round, a reported valuation, fund marks, or secondary prints surface in our sources. The rest of the record below builds toward it.