Hong Kong Property Tycoon Peter Lee Leads $300 Million Round In U.S. Battery Startup |
Peter Lee, the cochairman of Hong Kong property-to-energy group Henderson Land, led a $300 million Series B extension round in California-based energy storage startup EnerVenue.
Lee made the investment via Full Vision Capital, his Hong Kong-based family office, EnerVenue said in a statement on Tuesday. The round saw participation from Hong Kong Investment Corp., the city’s government-owned investment company.
EnerVenue said it will establish its regional headquarters in Hong Kong and an R&D center there to draw scientists for materials science research. The startup added that it will use the funding to “further accelerate the large-scale industrial application of the energy storage technology.”
“The capital is crucial for further R&D of our core technologies, ramp-up of large‑scale manufacturing,........