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. The funding sources include a major new strategic investor, current investors (including T. Rodgers and York Capital), and non-dilutive funding from market-leading customers. Enovix has developed a lithium-ion battery that incorporates a 100% active silicon anode using a patented 3D cell architecture to increase energy density and maintain high cycle life.