First Mode
Business Services · Washington, United States · 51-200 Employees
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Overview
Headquarters
542 1st Ave S Ste 300, Seattle, Washingt...Phone Number
(206) 420-6030Website
www.firstmode.comRevenue
$28.6 MillionIndustry
ZI Rank: 1
Signal Type
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ZI Rank
2
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About First Mode
First Mode is a creative engineering company building the barely possible to enable a sustainable future for everyone. We design and deliver critically needed products and technologies focused on zero-emission mobility, decarbonization of heavy industry, and production and distribution of green hydrogen. Our engineers in Seattle and Perth empower our clients to leverage cutting-edge solutions to achieve their sustainability objectives and help our planet survive and thrive.Explore more
First Mode Org Chart
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Activity Insights
First Mode is experiencing very low activity levels compared to other companies in the Business Services sector.
What does this means?
First Mode is drawing exceptional interest within the Business Services industry, suggesting notable developments or strong market momentum, learn more about First Mode.
First Mode Tech Stack
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Pain Point
Pain Point, Bankruptcy, Finance
Hiring Plans
First Mode has more open roles in Business Development than it has had at any time in the past 12 months.
Hiring Plans
First Mode News & Media
First Mode files for bankruptcy in sudden downfall for clean trucking company
First Mode filed for Chapter 11 bankruptcy on Sunday as the Seattle-based clean tech company continues to explore strategic alternatives after its majority shareholder stopped providing capital. GeekWire reported earlier this month that Anglo American, a global mining company which took ownership of First Mode last year in a $1.5 billion transaction, recently halted funding to First Mode. The company then explored a potential sale but was unable to find a buyer. Court documents show that FirstFirst Mode explores strategic alternatives as Anglo American stops funding clean energy company
First Mode, a Seattle-based clean tech company aiming to reduce carbon emissions for mining trucks and other heavyweight vehicles, is in asset acquisition talks after a decision by its majority shareholder to stop funding the business. Anglo American, a global mining company which took ownership of First Mode last year in a $1.5 billion transaction, recently halted funding to First Mode, according to a First Mode spokesperson. “As a result, First Mode engaged financial advisors to support theFirst Mode files notice to lay off 65 workers at clean-tech facilities in Washington state
Seattle-based First Mode is reporting that 65 of its workers in Washington state are being laid off in a move that follows through on a previously announced plan to trim back operations at the clean-tech company. The layoffs were cited in a notice filed today with the state’s Employment Security Department. The reported job reductions represent nearly 40% of First Mode’s Washington state workforce in Seattle and Centralia. First Mode produces powertrain conversion kits thatSeattle clean-tech pioneer First Mode gives employees advance warning about layoffs
First Mode, a company that concentrates on cleaner tech for heavy industry, has alerted its employees to a significant round of layoffs.
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First Mode is a creative engineering company building the barely possible to enable a sustainable future for everyone. We design and deliver critically needed products and technologies focused on zero-emission mobility, decarbonization of heavy industry, and production and distribution of green hydrogen. Our engineers in Seattle and Perth empower o... Read More
