Stanford University has backed a round that will help the nickel-hydrogen battery developer finance construction of a Gigafactory.

EnerVenue, a US-based battery manufacturer, secured $100m on Wednesday in a series A round backed by Stanford University, according to TechCrunch. Oil services provider Schlumberger and oil and gas supplier Saudi Aramco co-led the round through New Energy and Saudi Aramco Energy Ventures, respectively. An announcement from EnerVenue noted that “others” had taken part in…

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