Enovix raises $45M; working to develop its 3D Silicon Lithium-ion technology for EV market
Green Car Congress
APRIL 6, 2020
Enovix Corporation has secured $45 million in new funds to produce and commercialize its 3D Silicon Lithium-ion Battery. Initial R&D indicates that cells can achieve gravimetric energy density greater than 340 Wh/kg at a cost equivalent to or below present industry forecasts. Enovix expects to supply the EV market within 5 years.
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