EnerVenue, the company building energy storage solutions designed to behave like durable infrastructure, has appointed Henning Rath as Chief Executive Officer and closed a $300 million extension of its Series B preferred stock financing. The round was led by Full Vision Capital, included an additional new investor, and reflects renewed confidence in EnerVenue as a technology-driven energy storage innovator.
Rath, an internationally recognized technology executive with a track record of building billion-dollar companies and deep experience across the global energy sector, helped guide EnerVenue to this milestone.
The new capital will accelerate the company’s evolution from an advanced technology developer into a high?volume manufacturing industrial leader.
Marking a step forward in its prior strategy, the funding will support the rapid scale-up of EnerVenue’s high-volume manufacturing operations in Changzhou, China often described as the world’s epicenter of battery manufacturing expertise.
This move allows the company to optimize its cost structure, tap into the region’s unmatched battery know-how, and serve an expanding global customer base more efficiently. The investment will also speed up supply chain development and broader commercial expansion.
R&D will continue in Silicon Valley, California, recognized as a global hub of technology innovation.
Here, the team will focus on advancing the company’s next-generation aqueous metal cells, which combine exceptional durability, safety, and low total cost of ownership qualities driving strong demand from utility, commercial, and industrial energy storage customers.
To extend its global footprint, the energy storage system major company is backed by a strong base of strategic investors, including Aramco Ventures. Over the coming months, the company plans to expand its commercial operations into Asia, the Middle East, and Europe.
Before joining EnerVenue, Rath served as Managing Director and Chief Supply Chain Officer at Enpal, Germany’s leading residential renewable energy provider and one of Europe’s top green energy platforms.
Earlier, he founded CIRC, the well-known e-scooter startup later acquired by Bird, where he led its Asian markets. Rath began his career as an engineer, holding a Bachelor of Science in industrial engineering and an MBA from the University of Applied Sciences Münster.
While working in global markets including Germany, Australia, India, and China, he also completed studies at Stanford and Harvard Universities.
Leadership Comment
“We see EnerVenue’s high potential for its disruptive energy storage technology that can transform the reliability and safety of critical infrastructure and utilities at scale,” said Ionel Nechiti, Investment Director at Aramco Ventures.
“Henning’s leadership has been pivotal in positioning EnerVenue for this growth phase,” said Dr. Yi Cui, chairman of EnerVenue. “His strategic vision and operational credibility were instrumental in building investor confidence and closing this significant round. His deep expertise in industrial scaling and global market execution is exactly what EnerVenue needs to achieve its ambitious manufacturing and deployment goals.”
“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,” said Rath. “This capital provides the foundation to invest decisively in our technology roadmap, secure the supply chain for gigawatt-scale production, and build a robust global customer footprint. Our short and mid-term capacity targets of 250 MWh and 1 GWh are now fully funded.”
“We invest behind exceptional leadership and foundational technology,” said Alan Chan, Managing Partner at Full Vision Capital, who co-founded EnerVenue and led the investment for this round. “Rath’s proven track record and clear operational strategy for scaling EnerVenue were critical factors in our investment decision. This partnership and new capital will enable the critical investments needed to establish EnerVenue as a global player in long-duration energy storage.”
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