Enovix

Develops advanced silicon-based batteries

Fremont, California, United States

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About Enovix

Enovix develops and produces advanced silicon-based batteries, specifically the Enovix 100% active silicon battery. This battery technology is designed to charge quickly, manage heat effectively, and enhance safety, making it particularly suitable for mobile devices. Enovix targets engineers and technology professionals who depend on mobile devices, helping them maximize device performance and lifespan, which can lead to cost savings and a better user experience. Unlike many competitors, Enovix focuses on proprietary silicon battery technology that offers distinct advantages in charging speed and safety. The company's goal is to transform the mobile device market by providing superior battery solutions that empower users.

Fremont, CaliforniaHeadquarters
2007Year Founded
$587MTotal Funding
IPOCompany Stage
Hardware, Consumer GoodsIndustries
201-500Employees

Benefits

Stock Options
Company Equity

Risks

Departure of CFO may lead to financial instability or planning delays.
$100 million equity offering could dilute existing shareholders' value.
Expansion into international markets increases geopolitical and regulatory risks.

Differentiation

Enovix's 3D cell architecture enhances energy density and cycle life.
The company focuses on fast charging and superior thermal dissipation for mobile devices.
Enovix is pioneering silicon-anode lithium-ion battery production in the U.S.

Upsides

Growing demand for fast-charging solutions aligns with Enovix's technology focus.
Partnerships with major electronics companies enhance market reach and credibility.
Renewable energy storage trends offer expansion opportunities for Enovix's technology.

Funding

Total raised$587.04 M
Latest valuation$225.00 M
StageIPO
POST IPO EQUITY
9/30/2024
$100
POST IPO CONVERTIBLE
3/31/2023
$150
SPAC IPO
6/30/2021
$230
SPAC PRIVATE PLACEMENT
6/30/2021
$405
LATE VC
3/31/2020
$45
$225.00 M
EARLY VC
10/31/2017
$6
$30.00 M
GROWTH EQUITY VC
3/31/2016
$100
SEED
7/31/2014
$1
$6.00 M
SERIES C
2/29/2012
$15
$75.00 M
SERIES B
8/31/2008
$12
$60.00 M
SERIES A
2/28/2007
$2
$11.50 M