Funding round
EnerVenue Series B
EnerVenue, which works in metal-hydrogen battery manufacturing in Fremont, raised $300M in a Series B round announced on 31 Mar 2026, led by Full Vision Capital. 2 firms took part. It is EnerVenue's third venture round on record; the one before was a Series A in Sep 2021.
$300M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
EnerVenue did not disclose a valuation in this round. It came 54 months after EnerVenue's Series A. It is 73% of the $412M EnerVenue has raised in the venture rounds on record. No later venture round is on record for EnerVenue.
Investors
Who put money in
Full Vision Capital led the round with 1 other firm.
Lead investor
- new investor
Also in the round
- backs 44 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and working capital.
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
13 Series B rounds in Batteries within a year either side disclosed an amount; the median was $35M, and this round was 8.6 times the median. The closest in time, other companies' Series B rounds in Batteries:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Batteries | 5 Mar 2026 | $35M | not disclosed | DeepTech & Climate Fonds and IKA |
| Batteries | 21 Mar 2026 | $20M | not disclosed | 360 One and TDK Ventures |
| Batteries | 17 Apr 2026 | $10M | not disclosed | Fine Structure Ventures |
| Batteries | 5 May 2026 | $40M | not disclosed | Evok Innovations |
| Batteries | 10 Dec 2025 | $110M | not disclosed | BlueCrest Capital Management |
| Batteries | 15 Oct 2025 | $46M | not disclosed | Future Energy Ventures |
| Batteries | 9 Sep 2025 | $46M | $535M | not named |
| Batteries | 4 Sep 2025 | $10M | not disclosed | not named |
Sources
Where this comes from
Reported by 9 sources.
Questions
Frequently asked
How much did EnerVenue raise in its Series B round?
EnerVenue raised $300M in its Series B round, announced in Mar 2026.
Who led EnerVenue's Series B round?
Full Vision Capital led it, with Aramco Ventures.
What was EnerVenue's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Batteries?
13 Series B rounds in Batteries within a year either side disclosed an amount; the median was $35M, and this round was 8.6 times the median.