# KORE Power funding: rounds and investors

> KORE Power has raised $850M across 1 round since 2023. Investors include US Department of Energy. Every round with its source.

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

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *KORE Power*

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

Automotive & EVs

Funding summary Updated 26 Oct 2026

**$850M** raised across 1 round since 2023, from 1 source

- **Latest round:** Debt, $850M Jun 2023
- **Investors:** 1

See who backed them

## The rounds

- **Jun 2023** Debt **$850M** [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Source recorded

## Founders and team

From KORE Power's own website and the SEC filings it signed: 23 on the team.

- **Daniel Barcelo** Chief Executive Officer & Chairman of the Board
- **Børge Selstad** Senior Vice President of Operations
- **Otto Erster Bergesen** Senior Vice President of Project Engineering
- **Robert Gibbons** Executive Vice President of Strategic Partnerships
- **Russell Gold** Executive Vice President of Strategic Communications
- **Ryan Considine** Senior Vice President of Advanced Manufacturing
- **Andreas Bentzen** Chief Technology Officer
- **Andy Munro** Chief Legal & Policy Officer
- **Evan Calio** Chief Financial Officer
- **Jaime Gualy** Chief Operating Officer
- **Daniel Steingart** Director
- **David Manners** Director
- **Jessica Wirth Strine** Director
- **Peter Matrai** Director
- **Robert Hammond** Director
- **Todd Kantor** Director
- **W. Richard Anderson** Director
- **Alexander E. Nickolatos** Executive Officer i

And 5 more on the team.

On the board, as filed i *Daniel E. Kenney* *Fung (Angela) E. Li* *Gordon E. McCulloch* *Lingyu (Michelle) E. Li*

## Everyone who backed them

[US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **1** round

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

## Also claim to have backed them

This firm lists KORE Power as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Trog Hawley Capital](https://millionrounds.com/fund/trog-hawley-capital) Family office Per its own site

## Quick answers about KORE Power

### Who invested in KORE Power?

KORE Power's investors include US Department of Energy.

### How much has KORE Power raised?

KORE Power has raised $850M across 1 round since 2023.

### When did KORE Power last raise?

KORE Power's most recent round was a Debt of $850M in Jun 2023.

### What was KORE Power's biggest round?

Its most recent round, $850M in Jun 2023, is also its largest on record.

### Who backed KORE Power first?

KORE Power's first round on record, in Jun 2023, was backed by US Department of Energy.

### What stage is KORE Power at?

KORE Power's latest named round is a Debt, in Jun 2023.

### Where is KORE Power based?

KORE Power is based in the United States.

## Companies like KORE Power

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

[**Applied Intuition** $640M · Oct 2026](https://millionrounds.com/company/applied-intuition)[**American Metal** $1.7M · Oct 2026](https://millionrounds.com/company/american-metal)[**Waymo** $27B · Oct 2026](https://millionrounds.com/company/waymo)[**Flai** $32M · Oct 2026](https://millionrounds.com/company/flai)[**Bloom** $418M · Oct 2026](https://millionrounds.com/company/bloom)[**Simple Energy** $199M · Sept 2026](https://millionrounds.com/company/simple-energy)

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