Enovix Corporation stands as an innovative developer and manufacturer of advanced silicon-anode lithium-ion batteries. Founded in 2007 and headquartered in Fremont, California, the company specializes in creating high-energy-density batteries that outperform traditional lithium-ion solutions. Their unique approach combines proprietary 3D cell architecture with silicon-anode technology, enabling significant improvements in battery performance and safety. Enovix serves various markets, including consumer electronics, wearables, and mobile devices, with potential applications in electric vehicles and energy storage systems. The company became publicly traded in 2021 through a merger with Rodgers Silicon Valley Acquisition Corp., listing on the Nasdaq under the ticker symbol ENVX.
Battery Technology
Enovix’s primary innovation centers on its silicon-anode battery technology, which utilizes 100% active silicon anodes instead of traditional graphite. This design choice allows their batteries to store significantly more lithium ions, resulting in higher energy density. The company’s proprietary 3D cell architecture addresses common challenges associated with silicon anodes, such as expansion during charging, through a horizontally stacked and constrained design.
The manufacturing process involves precision stainless steel encasement and high-speed precision stacking, enabling the production of batteries with energy densities reaching 900 Wh/L. Their BrakeFlowTM technology enhances safety by regulating current flux during internal shorts, preventing thermal issues. This architecture is material-agnostic, allowing for integration with advanced materials like silicon-carbon composites through partnerships with companies such as Group14 Technologies.
The company’s batteries demonstrate superior performance metrics, including faster charging capabilities and improved thermal dissipation. These advantages make them particularly suitable for applications requiring high energy density in compact forms, such as mobile devices and wearable technology.
Recent Projects
In late 2024, Enovix achieved a significant milestone by completing Site Acceptance Testing for its High Volume Manufacturing line at Fab2 in Malaysia. This facility is scheduled to begin mass production in 2025. Additionally, the company secured a substantial pre-paid purchase order from a Silicon Valley-based technology leader for batteries designed for next-generation Mixed Reality wearables, with deliveries planned for mid-2025.
Investors
Enovix’s investor base includes notable institutions and individuals. T.J. Rodgers, serving as Chairman of the Board, holds approximately 11.52% of shares. Major institutional investors include Vanguard Fiduciary Trust Co. (7.277%), BlackRock Advisors LLC (5.492%), Electron Capital Partners LLC (2.988%), and Driehaus Capital Management LLC (2.302%). The company has also received strategic investments from technology companies such as Cypress, Intel, and Qualcomm.
Business Details
Location: Fremont, California, USA
Website: https://enovix.com
LinkedIn: https://www.linkedin.com/company/899579
