Diligence memo · auto-generated · as of July 2, 2026
Zap Energy, Inc.
Zap Energy, Inc. looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Zap Energy, Inc. operates in Other Energy, based in Everett.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Zap Energy, Inc. has raised $319M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $163M on 2022-05-24.
Most recent recorded round closed around 2024-07-15.
Valuation (modeled)modeled
Provath models Zap Energy, Inc. at approximately $1.1B (range $700M–$1.5B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.60× the median modeled value of Series D+ Other Energy companies in 2022–2024 (10 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 15 months.
Last raise 24 mo ago; this sector typically re-raises about every 12 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round stepped up 1.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 98% of Other Energy peers (2049 compared).
Modeled value ranks above 97% of those peers.
Closest niche peers: Livent Corp., Nexamp, Inc., EnerVenue Holdings, Ltd., Tellurian Inc. /De/, Maxeon Solar Technologies, Ltd..
Peoplefiled
9 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.