First Mode builds zero-emission haulage solutions, combining proprietary hybrid fuel-cell battery powerplants with supporting infrastructure for heavy-industry vehicles. Its work centers on retrofitting ultra-class haul trucks and deploying refueling, recharging, and hydrogen-production facilitation. The company plans to expand production facilities in Seattle, create new proving grounds in Centralia, Washington, and develop a footprint in Perth, Australia while staffing globally. First Mode is accelerating commercialization and deployment of its clean-energy solutions through a strategic combination with Anglo American’s nuGen™ capabilities. The transaction is intended to speed global growth and large-scale rollouts across mining fleets over the coming years. Financially, the company received a major equity investment tied to a broader commercial supply agreement with a global mining partner.

Total raised

$200M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2022