To Brighter Skies Ahead
Our planet is facing its biggest existential threat to date — climate change is here, and this is a snapshot of what it looks like: intensifying hurricanes in the southeastern U.S., record-breaking wildfires across California and the Pacific Northwest and elongated droughts across the Great Plains. The faster we can work as a collective to make meaningful changes to our behaviors, the better our chances of securing a livable, sustainable future for our world.
Those changes have started and are taking hold. We are now in the era of electric transportation. Over the last five years, we have seen exponential growth in hybrid and personal battery electric vehicles, and this growth is just the beginning. Where it was once prohibitively expensive to make the switch to electric, it is now rapidly becoming the norm (or requirement). As a company and as humans, we want to keep driving this momentum forward, which is why we are taking action to ensure the world can operate, do business and thrive utilizing battery electric power.
At Romeo Power, we are disrupting the commercial transportation market with our suite of energy dense battery modules and packs. We are built on the belief that we must transition from pollution-heavy combustion engines to clean battery-electric energy fast and at scale. However, our goals extend beyond powering commercial vehicles more sustainably. We have a bold vision to create a world where energy poverty no longer exists — where all eight billion global citizens have access to sustainable and affordable green energy.
Romeo Power was founded in 2016 by serial entrepreneur Michael Patterson and a Team of former Tesla and SpaceX Engineers. Five years later, we have completed a merger with RMG Acquisition Corp., resulting in $340 million of net proceeds to fund Romeo Power’s next phase of growth and move closer to achieving our vision.
For me personally, global energy concerns hit close to home. I grew up in the U.S. Virgin Islands where we lacked access not only to sustainable energy, but to reliable energy at all. My family and I know what it’s like to live without the lights on, and this is why I am so passionate about Romeo Power’s vision.
For years, our heads were down, and we were laser-focused on technology innovation, understanding our customers’ exact pain points and figuring out how to solve them beyond expectations. This focus hasn’t changed. However, we believe that progress requires widespread action and collaboration from all of us. By developing a powerful, corporate identity that reflects who we are and why we do what we do, we hope to inspire and connect with people as we make our vision of an equitable, sustainable energy future a reality.
Over the past couple of months, our Team has undertaken a thorough rebranding initiative. It started with our employees and their feedback — our people are best poised to tell the world who Romeo Power is and what makes it so special.
While we are excited to unveil our new logo and corporate website, this rebrand is more than cosmetic — and this is just the beginning.
My experience growing up in the U.S. Virgin Islands has shaped me, and it is largely responsible for my devotion to innovation in the green energy space. I have always known that this is where I would be able to make the largest impact.
With an unwavering dedication to the energy industry, I am, and will continue to be, driven by Romeo Power’s greater vision to create a world where energy poverty no longer exists. Romeo Power won’t stop reaching. We’re moving in one direction — forward. Through our unrelenting commitment to green energy innovation, we are redefining what and how quickly new applications can be electrified. Our Team will continue to push the boundaries of energy solutions for complex vehicles, as well as other strategically critical industries.
At Romeo Power, we are quite literally working to enable access to green energy for all people, and I am extremely proud and humbled by the Team I am privileged to Lead. Global change doesn’t happen overnight, and that’s okay because we are determined to keep charging forward. It takes time and tenacity to do things the right way — the scalable and sustainable way.
We’re here to change the world for the better, and we hope you’ll join us on this journey. Welcome to the new Romeo Power.
Lionel Selwood, Jr.