Friedland’s I-Pulse Readies Funding at $2 Billion-Plus Valuation

Robert Friedland’s I-Pulse Inc.is planning to announce fresh financing before the electric-power technology firm goes public, said the billionaire mining magnate.

Without disclosing timing for the announcement, Friedland said in a Wednesday interview that funding would come in the form of an equity investment valuing I-Pulseat “north of $2 billion pre money, as a private company.” The firm, which Friedland described as an “American 20-year-old unicorn,” has retained Wall Street bankers ahead of an initial public offering within 18 months to two years, he said on the sidelines of the Qatar Economic Forum.

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