Enovix has built a next-generation lithium-ion battery that significantly increases energy density and maintains high cycle life.
Enovix is combining innovative 3D cell architecture with an equally innovative business model to build a better battery business and meet the increasing energy needs of mobile devices.
Enovix was founded in 2007 by Harold Rust and Ashok Lahiri. The company is headquartered in Fremont, California.
Enovix has developed a lithium-ion battery that incorporates a 100% active silicon anode using its patented 3D cell architecture to significantly increase energy density and maintain high cycle life.
Enovix's patented 3D cell architecture enables a high-capacity silicon anode to increase energy density by 40% to over 100%, depending on cell size. And it keeps the anode stack under high pressure to prevent silicon particle pulverization for full depth-of-charge cycle life over 600.
Enovix is backed by Intel, Qualcomm, T. J. Rodgers, York Capital and others. The company raised another $20M equity financing on Sep 23, 2020. This is an extension to its $35M equity investment raised in Mar 2020, to bring the round total equity to $55M. This additional financing brings Enovix's total funding to $211.3M to date.