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 the round, without offering further details.

EnerVenue is developing nickel-hydrogen batteries for use in grid-scale energy storage systems, a market set for significant growth as…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
email
Linked in