# Peak Energy raises $108M Series B led by GM Ventures

> Peak Energy, based in United States, has raised $108M in a Series B led by GM Ventures, announced on 22 October 2026. 6 other investors joined.

Source: https://millionrounds.com/news/rounds/peak-energy-series-b-2026-10 (Millionrounds; every figure on the page links to its filing or article)

Raised **$108M** 9 sources reported it

Stage **Series B** 2 earlier rounds on record

Investors **7** 1 named as lead

Where **US** United States

Energy Manufacturing

## How big is it?

Against every equity round we recorded in the twelve months to 22 October 2026. Ranks count companies, so the same raise reported twice is counted once.

**#461** equity round of the last twelve months

**#92** Series B of 409 in that time

**#292** round in United States, of 1,253

This round **$108M**

Median Series B **$50M**

2.2 times the median Series B of the last twelve months.

## Who invested

- [**GM Ventures** 1 round in the last twelve months *Led*](https://millionrounds.com/fund/gm-ventures)

Also in the round

- [Eclipse](https://millionrounds.com/fund/eclipse)
- [Maverick Silicon](https://millionrounds.com/fund/maverick-silicon)
- [LG](https://millionrounds.com/fund/lg-technology-ventures)
- [Xora Innovation](https://millionrounds.com/fund/xora-innovation)
- [Infinite Capital](https://millionrounds.com/fund/infinite-capital-3)
- [LG테크놀로지벤처스](https://millionrounds.com/fund/lg-2)

## Funding history

- October 2026 Series B **$108M**
- June 2026 Venture **Undisclosed**
- July 2024 Series A **$55M**

$163M raised across the 3 rounds we hold.

## Reported by

- pulse2.com 21 October
- Ventureburn 21 October
- PR Newswire 21 October
- Wowtale 22 October
- wowtale.net 22 October
- Mercom Capital Group 23 October
- ess-news.com 23 October
- pv-magazine.com 23 October
- mercomindia.com 28 October

The round's figures come from these reports; each link opens the original.

## Other big rounds that week

[**Kalshi** $1.0B Series G](https://millionrounds.com/news/rounds/kalshi-series-g-2026-10)[P **Pathos AI** $237M Series E](https://millionrounds.com/news/rounds/pathos-ai-series-e-2026-10)[W **Warhound** $200M Seed](https://millionrounds.com/news/rounds/warhound-seed-round-2026-10)[W **Warp Sciences** $215M Series A](https://millionrounds.com/news/rounds/warp-sciences-series-a-2026-10)[**Xona** $250M Series D](https://millionrounds.com/news/rounds/xona-series-d-2026-10)[**Tractian** $130M Series D](https://millionrounds.com/news/rounds/tractian-series-d-2026-10)

[The company **Peak Energy on Millionrounds** *→*](https://millionrounds.com/company/peak-energy)[Weekly roundup **Week of 19 October** *→*](https://millionrounds.com/news/weekly/2026-10-19)[Monthly roundup **October 2026** *→*](https://millionrounds.com/news/monthly/2026-10)

**How this article is made**

We write one for every equity round of $100M or more that at least two sources reported. It is put together from our record of rounds, not rewritten from the reports: the ranks and medians count every equity round we read in the twelve months to the round's date. [How we read rounds](https://millionrounds.com/methodology) · [Report a mistake](https://millionrounds.com/corrections)