EnerVenue, the lithium‑free energy storage specialist, has named internationally recognised technology leader Henning Rath as its new CEO, coinciding with the close of a further US $300 million Series B funding extension led by Full Vision Capital.
The investment marks a major step forward for the company as it accelerates its shift into large‑scale manufacturing and global commercial deployment.
EnerVenue’s technology – originally developed by NASA and refined at Stanford University – is now in its fourth generation. Its aqueous metal batteries offer inherent safety, minimal maintenance, and a design life of 30,000 cycles, making them well suited to demanding applications such as grid‑scale storage, renewable energy shifting, and AI data centres.
Dr Yi Cui, chairman of EnerVenue, said: “Henning’s leadership has been pivotal in positioning EnerVenue for this growth phase.” He added that Rath’s strategic and operational strengths were key to securing investor confidence.
The new capital will support the build‑out of a 250MWh high‑volume production line in Changzhou, China, beginning in 2026. The location enables the company to tap into the region’s extensive battery manufacturing expertise while strengthening its global supply chain. Meanwhile, R&D will continue in Silicon Valley, focusing on next‑generation cell improvements.
The firm’s strategic backers include Aramco Ventures, whose Investment Director Ionel Nechiti said the company has “high potential for its disruptive energy storage technology”.
Rath commented: “This $300 million extension of Series B preferred stock funding is a testament to the strength of EnerVenue’s technology and the entire team’s execution….. Our short and mid-term capacity targets of 250 MWh and 1 GWh are now fully funded”, he added.
The company plans to expand its commercial presence across Asia, the Middle East, and Europe.
Image: EnerVenue CEO Henning Rath. Credit: EnerVenue.
