ENOVIX Corporation

Enovix Corporation, based in Fremont, CA, develops high-energy-density silicon-anode lithium-ion batteries using proprietary 3D cell architecture. Serving consumer electronics and wearables, they target applications in electric vehicles and energy storage. Publicly traded on Nasdaq (ENVX) since 2021.

Company Location

Country:

United States

City:

Fremont, California

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Company Overview

Enovix Corporation is an innovative developer and manufacturer of advanced silicon-anode lithium-ion batteries. Founded in 2007 and headquartered in Fremont, California, the company combines proprietary 3D cell architecture with silicon-anode technology to deliver high-energy-density batteries for consumer electronics, wearables, mobile devices, electric vehicles and energy storage systems. Enovix went public in 2021 via a merger with Rodgers Silicon Valley Acquisition Corp., trading on Nasdaq under ENVX.

Battery Technology

Enovix’s core technology uses 100% active silicon anodes and a proprietary 3D cell architecture to achieve energy densities up to 900 Wh/L. Precision stainless steel encasement and high-speed stacking support manufacturing scalability. BrakeFlowTM technology regulates current flux during internal shorts to enhance safety. The material-agnostic architecture can integrate advanced composites, such as silicon-carbon blends through partnerships with firms like Group14 Technologies.

Products

Enovix produces high-energy-density silicon-anode lithium-ion batteries featuring faster charging, improved thermal dissipation and compact form factors. Their cells deliver up to 900 Wh/L and leverage BrakeFlowTM safety technology, targeting applications in mobile devices, wearables and next-generation mixed reality.

Recent Projects

In late 2024, Enovix completed Site Acceptance Testing for its High Volume Manufacturing line at Fab2 in Malaysia, with mass production slated for 2025. The company also secured a prepaid purchase order from a Silicon Valley technology leader for batteries for next-generation mixed reality wearables, with deliveries planned for mid-2025.

Investors

Key investors include T.J. Rodgers (11.5%), Vanguard Fiduciary Trust Co. (7.3%), BlackRock Advisors LLC (5.5%), Electron Capital Partners LLC (3.0%) and Driehaus Capital Management LLC (2.3%). Strategic investors include Cypress, Intel and Qualcomm.

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