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First Mode

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Designs and delivers resilient and pragmatic solutions for today’s most pressing frontier: clean energy technology

Seattle, United StatesFounded 2018Transportation
Valuation $1–2.5B Last recorded · 2022
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for First Mode and the history behind them.

About First Mode

First Mode is a creative engineering firm with offices in Seattle and Perth, specializing in developing innovative solutions for some of the world's most challenging problems. The company operates in diverse markets, including clean energy, planetary exploration, and sustainable transportation systems. Their clients range from mining companies to space agencies, essentially any organization that requires advanced engineering solutions to tackle complex and unpredictable challenges.

First Mode's business model revolves around designing and delivering resilient and reliable systems. They focus on projects that push the boundaries of what is currently possible, such as hydrogen fuel cell vehicles for both off-road racing and mining operations. By leveraging a multidisciplinary approach, they ensure that their solutions are not only innovative but also practical and sustainable.

Revenue is generated through project-based contracts with clients who need specialized engineering expertise. This can include anything from developing new technologies for clean energy to creating systems for space exploration. First Mode's ability to deliver tailored solutions to meet specific client needs is a key driver of their business.

In summary, First Mode is a cutting-edge engineering firm that thrives on solving the most demanding technical challenges across various industries. Their focus on sustainability and innovation positions them uniquely in the market.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2018
Headquarters
Seattle, United States
Employees
48
Open positions
None listed
Dealroom signal
61.6/100
Industry
Energy, Transportation
Sub-industry
Vehicle Production
Sector
Transportation, Mining Technologies, Hydrogen, Sustainable Development Goals, Rumoured $1B, Climate Tech, Electric Mobility, EV Manufacturing, Fuel Cell, Hydrogen Vehicles
Business model
Manufacturing
Client focus
b2b

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Feb 2025 $0 — Cummins ↗
ACQUISITIONOther financing Dec 2022 $200M — Anglo American ↗
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

First Mode website traffic

Latest recorded traffic for First Mode is 2.1K monthly website visits, down 54.3% over the last three months.

Latest monthly visits2.1K 3-month web change-54.3%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • Anglo American

Other known investors1 additional known investor

  • Cummins
Team profiled 9 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
5 countries with
team presence
🇺🇸 United States74.5%
🇦🇺 Australia12.8%
🇬🇧 United Kingdom6.4%
🇨🇱 Chile4.3%
🇿🇦 South Africa2.1%
5 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about First Mode on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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