First Mode
Founded Year
2018Stage
Corporate Minority | AliveTotal Raised
$208.5MValuation
$0000Last Raised
$200M | 2 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-25 points in the past 30 days
About First Mode
First Mode is a company focused on developing and manufacturing decarbonization solutions, operating within the clean energy and heavy industry sectors. The company's main offerings include vehicle retrofits that enable diesel hybrid, battery electric, and hydrogen fuel cell systems, aimed at reducing emissions in mining and rail fleets. These solutions also encompass infrastructure innovations for decarbonization, even in constrained environments. First Mode was formerly known as Synchronous. It was founded in 2018 and is based in Seattle, Washington.
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Expert Collections containing First Mode
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
First Mode is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
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Hydrogen Energy Tech
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Energy Storage
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First Mode Patents
First Mode has filed 7 patents.
The 3 most popular patent topics include:
- electric power conversion
- energy conversion
- energy storage
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
10/24/2023 | 4/16/2024 | Grant |
Application Date | 10/24/2023 |
|---|---|
Grant Date | 4/16/2024 |
Title | |
Related Topics | |
Status | Grant |
Latest First Mode News
Apr 11, 2024
First Mode Partners with Mitsui to Boost Clean Energy Solutions in Heavy Industry First Mode recently partnered with Mitsui & Co. to boost the adoption of low-carbon and zero-emissions solutions in heavy industries, with a focus on mining. First Mode’s Path to Zero product line, designed for hard-to-abate sectors like mining, features progressive zero-emission solutions. A typical heavy-haul truck in the mining industry burns around 1 million liters of diesel every year and operates for 10 to 15 years. The total global operation of such trucks contributes to 35 million metric tons of carbon dioxide every year, equivalent to the emissions from 8 million passenger cars. In response to this challenge, First Mode has rolled out the Path to Zero line that includes a hybrid electric vehicle (HEV) retrofit. This low-risk solution reduces fuel use and emissions by up to 25% without requiring any infrastructure changes while allowing for future adoption of full battery or hydrogen fuel cell EV drivetrains at operators’ convenience. Mitsui sees First Mode as a pioneer in green solutions, especially in replacing diesel fuel in the mining sector. The company expressed its eagerness to support First Mode’s growth by utilizing its own capabilities in renewable energy, green hydrogen, hydrogen-derived synthetic fuels, and extensive networks in the clean energy sector. Working in the mining sector since 2018, First Mode has had successes, including developing the world’s first and largest hydrogen fuel cell electric truck in collaboration with Anglo American’s nuGen zero-emissions technology program. This relationship culminated in First Mode’s Path to Zero diesel hybrid, battery electric, and hydrogen fuel cell drivetrains’ product line launch in 2023, after an investment and supply agreement with Anglo American. The Path to Zero line’s retrofit approach safeguards heavy industry companies’ haulage investments while helping them transition to zero emissions. No other product line currently offers this sequential retrofit approach, making First Mode unique in the decarbonization landscape.
First Mode Frequently Asked Questions (FAQ)
When was First Mode founded?
First Mode was founded in 2018.
Where is First Mode's headquarters?
First Mode's headquarters is located at 542 First Avenue South, Seattle.
What is First Mode's latest funding round?
First Mode's latest funding round is Corporate Minority.
How much did First Mode raise?
First Mode raised a total of $208.5M.
Who are the investors of First Mode?
Investors of First Mode include Anglo American.
Who are First Mode's competitors?
Competitors of First Mode include Hgen and 4 more.
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