Fundraising FoxEnervenue
Silicon Valley, US · Founded 2020 · 3 known investors
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EnerVenue manufactures long-duration energy storage systems for grid-scale applications, using iron-based chemistry to achieve 30-year operational life with minimal degradation. The company serves energy developers, integrators, and data center operators seeking cost-effective, turnkey energy storage solutions without thermal management or fire suppression requirements.
Founders & leadership
Enervenue was founded in 2020 by Yi Cui.
Investors · 3
How we know: SAIC Technologies Fund II, LLC's portfolio page · Not right? Tell us
How we know: offering press articles · press coverage · the VCSheet dataset · Not right? Tell us
Also in the syndicate · 1
Reported raises · per SEC filings
Form D private placements$784.9M disclosed across 4 of 5 rounds · 2020–2026
▶$339.6MraisedJun 2026 · 3 investors · Other EnergyRule 506(b)
- Meng SuiExecutive Officer
- Offering amount
- $350M
- Amount sold
- $339.6M
- Minimum investment
- $1.6M
- First sale
- May 2026
- Incorporated
- Corporation, Cayman Islands
- Federal exemptions
- 06b
▶$308.1MraisedJun 2024 · 14 investors · Other EnergyRule 506(b)
- Yi CuiDirector
- Meng SuiDirector
- Ying Lung ChanDirector
- Daniel CarterDirector
- Jorg HeinemannExecutive Officer, Director
- Ashok BelaniDirector
- Arindam BhattacharyaDirector
- Offering amount
- $515.6M
- Amount sold
- $308.1M
- Minimum investment
- $478.3K
- Finders' fees
- $797K
- First sale
- Oct 2023
- Incorporated
- Other, Cayman Islands, 2020
- Federal exemptions
- 06b
▶$125.1MraisedDec 2021 · 12 investors · Other EnergyRule 506(b)
- Fung Man KitDirector
- Ying Lung Lung ChanDirector
- Yi CuiDirector
- Meng SuiDirector
- Jorg HeinemannExecutive Officer, Director
- Ashok BelaniDirector
- Offering amount
- $125.1M
- Amount sold
- $125.1M
- Minimum investment
- $1.8M
- Sales commissions
- $2.5M
- Placement agents
- Barclays
- First sale
- Sep 2021
- Incorporated
- Other, Cayman Islands, 2020
- Federal exemptions
- 06b
▶$12.1MraisedDec 2021 · 4 investors · Other EnergyRule 506(b)
- Jorg HeinemannExecutive Officer
- Ying Lung ChanDirector
- Yi CuiDirector
- Meng SuiDirector
- Offering amount
- $12.1M
- Amount sold
- $12.1M
- Minimum investment
- $2M
- First sale
- Jul 2020
- Incorporated
- Other, Cayman Islands, 2020
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Frequently asked questions
- What does Enervenue do?
- EnerVenue manufactures long-duration energy storage systems for grid-scale applications, using iron-based chemistry to achieve 30-year operational life with minimal degradation. The company serves energy developers, integrators, and data center operators seeking cost-effective, turnkey energy storage solutions without thermal management or fire suppression requirements.
- Who founded Enervenue?
- Enervenue was founded by Yi Cui in 2020.
- Who are Enervenue's investors?
- Enervenue's investors include SAIC Technologies Fund II, LLC, Aramco Ventures.
- How much funding has Enervenue raised?
- Enervenue has disclosed $784.9M raised across 4 of its 5 known rounds.
- Where is Enervenue headquartered?
- Enervenue is headquartered in Silicon Valley, US.