EnerVenue plugs into US$300 million to scale next-gen batteries as it eyes Hong Kong hub
The California-based firm will use new funding to scale manufacturing and expand globally, with Hong Kong anchoring its regional push
“The capital is crucial for further research and development of our core technologies, the ramp-up of large-scale manufacturing, reinforcement of supply-chain robustness, and expansion of global commercial reach,” newly appointed CEO Henning Rath said in a statement.
“It also provides runway for achieving our short- and medium-term production capacity targets.”
Rath is a veteran technology executive with a track record of building billion-dollar energy businesses, including German renewable energy equipment maker Enpal.
Full Vision led the series B+ funding round, according to the statement. Lee, the billionaire founder of Full Vision, is also co-chairman and managing director of property conglomerate Henderson Land Development.