# Eelpower funding: rounds and investors

> Eelpower has raised $682M across 3 rounds since 2023. Investors include National Wealth Fund. Every round with its source.

Source: https://millionrounds.com/company/eelpower (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Eelpower*

3 rounds we have observed, with the one investor named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Energy

Funding summary Updated 26 Oct 2026

**$682M** raised across 3 rounds since 2023, from 3 sources

**$4.5M** Round **$2.6M** Round **$675M** Venture

- **Latest round:** Venture, $675M Aug 2025
- **Step-up i:** 263.8×
- **Investors:** 1

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2023 2024 2025

**$4.5M** Round

**$2.6M** Round

**$675M** Venture

- **First round:** Round, $4.5M
- **Biggest round:** $675M
- **Usual gap between rounds:** 18 months

## The rounds

- **Aug 2025** Venture **$675M** *1 new* [National Wealth Fund](https://millionrounds.com/fund/national-wealth-fund) Source recorded
- **Jan 2024** Round **$2.6M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Jan 2023** Round **$4.5M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet

## Funding filed with regulators

Eelpower filed 2 raises, $7.1M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Jan 2024 **$2.6M** UK share allotment
- Jan 2023 **$4.5M** UK share allotment

## Everyone who backed them

[National Wealth Fund](https://millionrounds.com/fund/national-wealth-fund) Government **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=eelpower).

## Quick answers about Eelpower

### Who invested in Eelpower?

Eelpower's investors include National Wealth Fund.

### How much has Eelpower raised?

Eelpower has raised $682M across 3 rounds since 2023.

### When did Eelpower last raise?

Eelpower's most recent round was a Venture of $675M in Aug 2025.

### What was Eelpower's biggest round?

Its most recent round, $675M in Aug 2025, is also its largest on record.

### Who backed Eelpower first?

Eelpower's first round on record, in Aug 2025, was backed by National Wealth Fund.

### What stage is Eelpower at?

Eelpower's latest named round is a Venture, in Aug 2025.

### Where is Eelpower based?

Eelpower is based in the United Kingdom.

## Companies like Eelpower

In the same sector, and raised in the last eighteen months.

[**novosound** $8.7M · Sept 2026](https://millionrounds.com/company/novosound)[**Metris Energy** $7.5M · Sept 2026](https://millionrounds.com/company/metris-energy)[**AcouBatt** $3.0M · Sept 2026](https://millionrounds.com/company/acoubatt)[**SolarSub** $1.8M · Sept 2026](https://millionrounds.com/company/solarsub)[**Nyobolt** $155M · Aug 2026](https://millionrounds.com/company/nyobolt)[**Breathe Battery Technologies** $132M · Aug 2026](https://millionrounds.com/company/breathe-battery-technologies)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app