Diligence memo · auto-generated · as of July 2, 2026
Achates Power Inc
Achates Power Inc looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Achates Power Inc operates in Energy / Climate, based in SAN DIEGO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Achates Power Inc has raised $53M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $30M on 2017-09-22.
Most recent recorded round closed around 2017-09-22.
Valuation (modeled)modeled
Provath models Achates Power Inc at approximately $408M (range $69M–$1.6B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.63× the median modeled value of Series B Energy / Climate companies in 2016–2018 (9 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 48 months.
Last raise 8.8 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 2.7× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 93% of Energy / Climate peers (235 compared).
Modeled value ranks above 96% of those peers.
Closest niche peers: WCI - Power Investments, LLC, Power Design Holdings, LLC, Kingdom Wireless Power II, LLC, Brilliant Light Power, Inc, MTPV Power Corp.
Peoplefiled
14 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.