EnerVenue Inc.
Description
Completed a Series A funding round led by Schlumberger New Energy and accompanied by Saudi Aramco Energy Ventures. Proceeds will be used by EnerVenue, the first company to bring metal-hydrogen batteries to the clean energy revolution, to build a gigafactory in the United States, accelerate R&D efforts, and expand its sales force as it scales its distribution capabilities with strategic partnerships similar to one recently announced with Schlumberger New Energy. Barclays was sole placement agent. Rimon served as legal adviser.