Torus
Torus is a renewable energy company that develops energy storage solutions, including its flywheel and battery storage systems.
Secondary Market Price
Secondary Market Price
How Torus Measures Up
To help you manage your Torus equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series B
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future Torus Prices
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Company Description
Torus is a renewable energy solutions company that manufactures equipment for energy storage and management. The company provides modular power plants and hybrid energy storage systems that combine flywheel and battery technology for utility, data center, commercial, and industrial applications. Its core offerings include the Torus Flywheel energy storage system (FESS) and the Torus Station, which are designed to help communities and individuals manage their own renewable energy. Founded in 2021 by Nate Walkingshaw and Gilbert Lee, the company is headquartered in South Salt Lake, Utah, and has another location in Springville, Utah.
Looking forward, Torus is focused on scaling its operations by continuing to install its modular power plants and expanding its product development, indicated by recent hiring for technical and engineering roles. A key recent development was the appointment of William Comeau as Chief Utility Officer to lead the company's utility partnerships and strategy for strengthening grid resilience. The company has also participated in industry events such as the 47G: Aerospace & Defense Summit to discuss energy innovation. Funding information for the company varies by source; one report indicates a total of $67 million raised, while another notes a more recent funding round of $200 million from investor Magnetar Capital.
- Magnetar
- Origin Ventures
- Epic Ventures
- Cumming Capital
- Larry H. Miller Company
- Zions Bank
- Pelion
- ICONIQ
- Co-Founder, Nate Walkingshaw
- Co-Founder, Gilbert Lee
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Torus worth joining?
Deciding whether to join a startup like Torus requires evaluating the company's potential, your role, and the compensation package. Tools like Prospect can help you forecast the potential value of your equity grant to make a more informed decision.
What should I do with my Torus stock?
Managing your Torus stock involves creating a strategy for when to exercise options and sell shares, all while minimizing your tax burden. Platforms like Prospect offer personalized exercise strategies and tools to help you optimize the value of your private company equity.
Can you sell Torus stock?
Because Torus is a private company, you can typically sell stock through company-approved tender offers or on secondary markets, though restrictions often apply. Resources like Prospect provide tender offer tools and market data to help you navigate these selling opportunities.
How can I find the value of my Torus stock?
The value of private stock is typically determined by its latest 409A valuation and prices on secondary markets. You can also use a platform like Prospect to access predictive models that forecast your equity's future value.
What is Torus's equity worth?
As Torus is not publicly traded, the exact worth of its equity fluctuates based on company performance, funding rounds, and market conditions. To understand its potential value, you can use financial modeling tools like those offered by Prospect, which project your stock's value over time.
What is Torus's stock ticker symbol?
Since Torus is a private company, it is not listed on a public stock exchange and therefore does not have a stock ticker symbol. Ticker symbols are only assigned to companies once they become publicly traded.
Can I buy or sell Torus stock?
Selling Torus stock is often possible through secondary markets or tender offers, and Prospect offers tools to help optimize these sales. Buying stock in a private company like Torus, however, is typically restricted to accredited investors or employees exercising their options.
What is the criteria to buy or invest in Torus stock?
To invest in a private company like Torus, you generally must be an accredited investor, which means meeting specific income or net worth requirements defined by financial regulators. These investment opportunities are typically limited to specific funding rounds and are not open to the general public.
