EnerVenue valuation, funding and investors
EnerVenue works in metal-hydrogen battery manufacturing, based in Fremont, United States. Founded in 2020, it has about 102 employees.
- Last round
- Series B · $300M · Mar 2026
- Valuation at last round
- $2.14B · implied
- Headcount
- 102 · flat
- Grade
- B
- Founded
- 2020
EnerVenue valuation today
VCMC values EnerVenue at $2.4B today, with a range of $1.4B to $3.9B and a grade of B. The valuation starts from its last funding round, a Series B round in Mar 2026.
Valuation by date (85 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2020 | $16.3M | $5.94M – $44.8M | $18.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $16.5M | $5.99M – $45.2M | $18.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $16.6M | $6.05M – $45.6M | $18.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $16.8M | $6.10M – $46.0M | $18.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $16.9M | $6.16M – $46.4M | $18.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $17.1M | $6.21M – $46.9M | $19.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $17.2M | $6.27M – $47.3M | $19.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $17.4M | $6.33M – $47.7M | $19.3M (+11%) | before first round | – | unknown | D | 0% |
| 28 Aug 2020 | $80.2M | $52.6M – $244M | $160M (+100%) | after a round | – | unknown | C | 0% |
| 1 Sep 2020 | $80.8M | $52.6M – $244M | $160M (+98%) | after a round | – | unknown | C | 0% |
| 1 Oct 2020 | $85.5M | $52.6M – $244M | $160M (+87%) | after a round | – | unknown | C | 0% |
| 1 Nov 2020 | $90.7M | $52.6M – $244M | $160M (+76%) | after a round | – | unknown | C | 0% |
| 1 Dec 2020 | $96.0M | $52.6M – $244M | $160M (+67%) | after a round | – | unknown | C | 0% |
| 1 Jan 2021 | $102M | $52.6M – $244M | $160M (+57%) | after a round | 3 | unknown | C | 0% |
| 1 Feb 2021 | $108M | $52.6M – $244M | $160M (+48%) | after a round | 3 | unknown | C | 0% |
| 1 Mar 2021 | $114M | $52.6M – $244M | $160M (+41%) | after a round | 3 | unknown | C | 0% |
| 1 Apr 2021 | $121M | $52.6M – $244M | $160M (+32%) | after a round | 3 | unknown | C | 0% |
| 1 May 2021 | $128M | $52.6M – $244M | $160M (+25%) | after a round | 3 | unknown | C | 0% |
| 1 Jun 2021 | $136M | $52.6M – $244M | $160M (+18%) | after a round | 3 | unknown | C | 0% |
| 1 Jul 2021 | $144M | $52.6M – $244M | $160M (+11%) | after a round | 3 | unknown | C | 0% |
| 1 Aug 2021 | $152M | $52.6M – $244M | $160M (+5%) | after a round | 3 | unknown | C | 0% |
| 1 Sep 2021 | $160M | $52.2M – $244M | $160M (0%) | after a round | 3 | unknown | C | 0% |
| 16 Sep 2021 | $371M | $261M – $947M | $667M (+80%) | after a round | 3 | unknown | C | 0% |
| 1 Oct 2021 | $380M | $261M – $947M | $667M (+75%) | after a round | 3 | unknown | C | 0% |
| 1 Nov 2021 | $400M | $261M – $947M | $667M (+67%) | after a round | 3 | unknown | C | 0% |
| 1 Dec 2021 | $420M | $261M – $947M | $667M (+59%) | after a round | 3 | unknown | C | 0% |
| 1 Jan 2022 | $441M | $261M – $947M | $667M (+51%) | after a round | 3 | unknown | C | 0% |
| 1 Feb 2022 | $464M | $261M – $947M | $667M (+44%) | after a round | 3 | unknown | C | 0% |
| 1 Mar 2022 | $485M | $261M – $947M | $667M (+38%) | after a round | 3 | unknown | C | 0% |
| 1 Apr 2022 | $510M | $261M – $947M | $667M (+31%) | after a round | 3 | unknown | C | 0% |
| 1 May 2022 | $535M | $261M – $947M | $667M (+25%) | after a round | 59 | growing | C | 0% |
| 1 Jun 2022 | $563M | $261M – $947M | $667M (+19%) | after a round | 59 | growing | C | 0% |
| 1 Jul 2022 | $590M | $261M – $947M | $667M (+13%) | after a round | 59 | growing | C | 0% |
| 1 Aug 2022 | $621M | $261M – $947M | $667M (+8%) | after a round | 59 | unknown | C | 0% |
| 1 Sep 2022 | $652M | $261M – $947M | $667M (+2%) | after a round | 59 | unknown | C | 0% |
| 1 Oct 2022 | $667M | $255M – $947M | $667M (0%) | after a round | 59 | unknown | C | 0% |
| 1 Nov 2022 | $667M | $242M – $947M | $667M (0%) | after a round | 59 | unknown | C | 0% |
| 1 Dec 2022 | $667M | $230M – $947M | $667M (0%) | after a round | 59 | unknown | C | 0% |
| 1 Jan 2023 | $667M | $219M – $947M | $667M (0%) | after a round | 59 | unknown | C | 0% |
| 1 Feb 2023 | $667M | $279M – $947M | $667M (0%) | after a round | 110 | growing | C | 0% |
| 1 Mar 2023 | $667M | $282M – $947M | $667M (0%) | after a round | 110 | growing | C | 0% |
| 1 Apr 2023 | $667M | $286M – $947M | $667M (0%) | after a round | 110 | growing | B | 0% |
| 1 May 2023 | $667M | $290M – $947M | $667M (0%) | after a round | 110 | growing | B | 0% |
| 1 Jun 2023 | $667M | $295M – $947M | $667M (0%) | after a round | 110 | growing | B | 0% |
| 1 Jul 2023 | $667M | $299M – $947M | $667M (0%) | after a round | 110 | growing | B | 0% |
| 1 Aug 2023 | $667M | $303M – $947M | $667M (0%) | after a round | 110 | growing | B | 0% |
| 1 Sep 2023 | $667M | $307M – $947M | $667M (0%) | after a round | 110 | growing | B | 0% |
| 1 Oct 2023 | $667M | $267M – $947M | $667M (0%) | after a round | 110 | growing | C | 0% |
| 1 Nov 2023 | $667M | $268M – $947M | $667M (0%) | after a round | 150 | growing | C | 0% |
| 1 Dec 2023 | $667M | $268M – $947M | $667M (0%) | after a round | 150 | growing | C | 0% |
| 1 Jan 2024 | $667M | $268M – $947M | $667M (0%) | after a round | 150 | growing | C | 0% |
| 1 Feb 2024 | $667M | $269M – $947M | $667M (0%) | after a round | 150 | growing | C | 0% |
| 1 Mar 2024 | $667M | $269M – $947M | $667M (0%) | after a round | 150 | growing | C | 0% |
| 1 Apr 2024 | $667M | $270M – $947M | $667M (0%) | after a round | 150 | growing | C | 0% |
| 1 May 2024 | $667M | $270M – $947M | $667M (0%) | after a round | 150 | growing | C | 0% |
| 1 Jun 2024 | $667M | $271M – $947M | $667M (0%) | after a round | 150 | growing | C | 0% |
| 1 Jul 2024 | $667M | $271M – $947M | $667M (0%) | after a round | 150 | growing | C | 0% |
| 1 Aug 2024 | $667M | $84.7M – $947M | $611M (-8%) | after a round | 150 | flat | D | 0% |
| 1 Sep 2024 | $667M | $80.5M – $947M | $606M (-9%) | after a round | 150 | flat | D | 0% |
| 1 Oct 2024 | $664M | $76.6M – $943M | $601M (-10%) | after a round | 150 | flat | D | 0% |
| 1 Nov 2024 | $659M | $72.8M – $935M | $596M (-10%) | after a round | 150 | flat | D | 0% |
| 1 Dec 2024 | $459M | $69.3M – $863M | $384M (-16%) | after a round | 140 | flat | D | 24% |
| 1 Jan 2025 | $452M | $65.9M – $855M | $378M (-16%) | after a round | 140 | flat | D | 24% |
| 1 Feb 2025 | $445M | $62.6M – $848M | $372M (-16%) | after a round | 140 | flat | D | 24% |
| 1 Mar 2025 | $438M | $59.8M – $842M | $367M (-16%) | after a round | 140 | flat | D | 24% |
| 1 Apr 2025 | $431M | $56.8M – $834M | $361M (-16%) | after a round | 140 | flat | D | 24% |
| 1 May 2025 | $409M | $54.1M – $822M | $340M (-17%) | after a round | 140 | flat | D | 27% |
| 1 Jun 2025 | $403M | $51.4M – $815M | $335M (-17%) | after a round | 140 | flat | D | 27% |
| 1 Jul 2025 | $396M | $48.9M – $808M | $329M (-17%) | after a round | 140 | flat | D | 27% |
| 1 Aug 2025 | $390M | $46.5M – $802M | $325M (-16%) | after a round | 140 | flat | D | 27% |
| 1 Sep 2025 | $82.3M | $44.2M – $216M | $52.9M (-36%) | after a round | 95 | shrinking | C | 97% |
| 1 Oct 2025 | $80.5M | $42.1M – $228M | $52.9M (-34%) | after a round | 95 | shrinking | C | 97% |
| 1 Nov 2025 | $77.0M | $40.0M – $221M | $52.9M (-31%) | after a round | 95 | shrinking | C | 97% |
| 1 Dec 2025 | $73.7M | $38.1M – $215M | $52.9M (-28%) | after a round | 96 | shrinking | C | 97% |
| 1 Jan 2026 | $70.5M | $36.2M – $208M | $52.9M (-25%) | after a round | 96 | shrinking | C | 97% |
| 1 Feb 2026 | $67.4M | $34.4M – $202M | $52.8M (-22%) | after a round | 96 | shrinking | C | 97% |
| 1 Mar 2026 | $64.7M | $32.8M – $197M | $52.8M (-18%) | after a round | 96 | shrinking | C | 97% |
| 1 Apr 2026 | $2.1B | $1.4B – $3.3B | $2.2B (+1%) | after a round | 96 | shrinking | B | 97% |
| 1 May 2026 | $2.1B | $1.4B – $3.3B | $2.1B (-2%) | after a round | 96 | shrinking | B | 97% |
| 1 Jun 2026 | $2.2B | $1.4B – $3.4B | $2.2B (0%) | after a round | 96 | flat | B | 89% |
| 1 Jul 2026 | $2.2B | $1.4B – $3.5B | $2.2B (+1%) | after a round | 96 | flat | B | 82% |
| 1 Aug 2026 | $2.2B | $1.4B – $3.6B | $2.2B (+1%) | after a round | 94 | flat | B | 76% |
| 1 Sep 2026 | $2.2B | $1.4B – $3.7B | $2.3B (+1%) | after a round | 94 | flat | B | 70% |
| 1 Oct 2026 | $2.3B | $1.4B – $3.8B | $2.3B (0%) | after a round | 102 | flat | B | 64% |
| 24 Oct 2026 | $2.4B | $1.4B – $3.9B | $2.4B (0%) | after a round | 102 | flat | B | 59% |
Key facts about EnerVenue
- Founded
- 2020
- Headquarters
- Fremont, United States
- Employees
- about 102 +7% in a year
- Total raised
- $412M
- Funding rounds
- 3
- Last round
- Series B Mar 2026
EnerVenue was founded in 2020 by Jeng-Shin Chang and Yi Cui.
EnerVenue funding history
EnerVenue has 3 funding rounds on record, from Aug 2020 to Mar 2026, $412M in total. None disclosed a valuation.
Series B 31 Mar 2026
Led by Full Vision Capital; with Aramco Ventures.
Sources: enervenue.com, ess-news.com, esgtoday.com and 6 more
$300M
Series A 15 Sep 2021
Led by Schlumberger New Energy; with Aramco Ventures, Stanford University, Saudi Aramco.
Sources: finsmes.com, techcrunch.com, energy-storage.news and 2 more
$100M
Seed 27 Aug 2020
With Embark Ventures. Individuals: Dr. Peter Lee, Doug Kimmelman.
Sources: finsmes.com
$12M
EnerVenue investors
6 investors have backed EnerVenue; Full Vision Capital and Schlumberger New Energy led at least one round.
- Schlumberger New Energy lead
- Saudi Aramco
- Stanford University
What EnerVenue does
EnerVenue works in batteries, with 15 recorded offerings and customers in energy and renewable energy.
EnerVenue, Inc. is an American company engaged in the development and manufacturing of metal-hydrogen batteries and energy storage solutions for grid-scale, commercial, and residential applications. The company provides energy storage systems, including Energy Storage Vessels, Energy Racks, and Energy Venues, and offers technology based on core chemistry developed for NASA. EnerVenue also conducts research and development in energy storage technologies and collaborates with global renewables companies on pilot projects.
Description from Veridion's company data.
Products and services
- Metal-Hydrogen Battery Manufacturing
- Energy Storage System Manufacturing
- Energy Storage System Distribution
- Grid-Scale Energy Storage Solutions
- Commercial Energy Storage Solutions
- Residential Energy Storage Solutions
- Long-Duration Energy Storage Solutions
- High-Efficiency Battery Technology Development
- Clean Energy Storage Solutions
- Sustainable Energy Storage Solutions
- Energy Storage System Integration Services
- Energy Storage System Maintenance Services
- Energy Storage System Safety Enhancement
- Energy Storage System Performance Optimization
- Energy Storage System Customization Services
Markets
- Energy
- Renewable Energy
Technology
- Metal-Hydrogen Battery Technology
- Fire and Thermal Runaway Protection Technology
Business model
- Business-to-Business
- Business-to-Consumer
- Manufacturing
Industry codes (NAICS)
- 335910 Battery Manufacturing 100% match
Questions about EnerVenue
What is EnerVenue worth?
Valuation $2.4B (range $1.4B to $3.9B), as of 24 Oct 2026.
Has EnerVenue raised money?
EnerVenue has 3 funding rounds on record, from Aug 2020 to Mar 2026, $412M in total. None disclosed a valuation.
Who has invested in EnerVenue?
Full Vision Capital, Schlumberger New Energy, Aramco Ventures, Embark Ventures, Saudi Aramco and Stanford University. Lead investors include Full Vision Capital and Schlumberger New Energy.
How many people work at EnerVenue?
About 102, up 7% over the last year. Headcount rose from 3 in Jan 2021 to 150 in Oct 2023, then fell to 102 in Sep 2026.
What does EnerVenue do?
EnerVenue works in batteries, with 15 recorded offerings and customers in energy and renewable energy. Its main offerings are metal-hydrogen battery manufacturing, energy storage system manufacturing and energy storage system distribution.
When was EnerVenue founded, and where is it based?
EnerVenue was founded in 2020 and is based in Fremont, United States. It has about 102 employees, up 7% over the last year.