Battery Technology Company Romeo Power Logs $11.6 Million Revenue in Q1 2022
The company’s cash, cash equivalents, and investments amounted to $66.9 million
May 12, 2022
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
Romeo Power, a U.S.-based battery technology company, recorded total revenue of $11.6 million in the first quarter (Q1) of 2022, a 955% year-over-year (YoY) increase compared to $1.1 million in Q1 2021. The revenue increased by 27% quarter-over-quarter (QoQ) from $9.1 million in Q4 2021.