EnerVenue, a California-based battery innovator, has raised $300 million in a Series B+ funding round to accelerate its battery expansion.
The funding, led by Full Vision Capital, will support the scaling of manufacturing for next-generation nickel-hydrogen batteries designed for grid-scale energy storage.
From Aerospace Roots to Clean Energy Pioneer
EnerVenue was co-founded in 2020 with backing from Full Vision Capital, aiming to adapt proven aerospace nickel-hydrogen battery technology for renewable energy applications.
The company develops nickel-hydrogen batteries, a technology originally used in aerospace, positioning itself as an alternative to lithium-ion systems for long-duration energy storage.
Boosting Global Energy Transition Impact
The investment comes amid growing demand for reliable grid-scale storage solutions to support renewable energy sources such as solar and wind.
EnerVenue’s technology targets large-scale energy storage applications, helping stabilize power supply and improve energy reliability.
The funding will be used to support research and development, production ramp-up, supply chain operations, and commercial expansion.
Investors in the round include Hong Kong Investment Corporation. Meanwhile, Towngas holds a minority stake and has secured exclusive distribution rights for EnerVenue’s products in mainland China.
Gigafactory Plans and Hong Kong Hub
EnerVenue plans to establish a Hong Kong regional headquarters to coordinate sales and operations across the region.
The company is focused on scaling manufacturing capacity and expanding its global footprint as demand for advanced battery technologies grows.
New CEO Henning Rath will lead the company’s next phase of commercialization and global expansion.
Andrew Lee
