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About Enovix
Industries
Hardware
Consumer Goods
Company Size
201-500
Company Stage
IPO
Headquarters
Fremont, California
Founded
2007
Overview
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 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, which sets it apart in the competitive mobile device battery market. The company's goal is to disrupt the mobile device market by providing superior battery solutions that empower users.
Simplify's Take
What believers are saying
- Growing demand for fast-charging solutions in EVs aligns with Enovix's technology.
- Expansion of 5G networks increases need for longer-lasting batteries, benefiting Enovix.
- Rising wearable tech market requires efficient batteries, matching Enovix's high energy density focus.
What critics are saying
- Integration challenges with Korean facility could disrupt production timelines and increase costs.
- Departure of CFO Farhan Ahmad may lead to temporary financial instability.
- Expansion into defense industry may expose Enovix to geopolitical risks and regulatory scrutiny.
What makes Enovix unique
- Enovix's 3D cell architecture increases energy density and maintains high cycle life.
- The company's silicon-anode technology offers fast charging and superior thermal dissipation.
- Enovix is pioneering the first advanced silicon-anode battery production facility in the U.S.
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Funding
Total Funding
$1084.7M
Above
Industry Average
Funded Over
11 Rounds
Benefits
Stock Options
Company Equity
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 2%2 year growth
↑ 2%Enovix Corporation FREMONT, Calif., April 17, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX), a global high-performance battery company, announced the appointment of Ryan Benton as Chief Financial Officer (CFO). Mr. Benton brings over three decades of financial leadership experience. He previously held key roles at ASM International and served as CFO for multiple public companies including Silvaco and Exar Corporation. Enovix CEO Dr. Raj Talluri added, “Ryan’s experience and transparent communication style make him an ideal leader for our finance organization and a strong voice in conveying our strategy to investors
Enovix to acquire korean battery cell facility to bolster manufacturing.
FREMONT, Calif., April 03, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX), a global high-performance battery company, today announced the acquisition of battery cell manufacturing assets from SolarEdge , located in South Korea. The acquisition will expand the company’s manufacturing footprint and help position Enovix to meet growing demand in the defense industry. The transaction is expected to close in April 2025, subject to the satisfaction of customary closing conditions.Enovix will be acquiring a battery cell manufacturing facility from SolarEdge that is approximately 330,000 square feet, as well as battery cell development and manufacturing equipment. The SolarEdge facility has been operating for over 20 years. The facility to be acquired is directly adjacent to the company’s existing facility in Nonsan City, South Korea. Enovix plans to hire certain members of the SolarEdge Korea team including personnel in the manufacturing, quality, R&D and process engineer departments
Enovix Corporation, a leader in high-performance battery solutions, has made significant strides toward the launch of its revolutionary smartphone battery technology.
FREMONT, Calif., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a Silicon Valley high-performance battery manufacturing company, today announced the appointment of Kristina Truong as its first Senior Vice President and Chief Accounting Officer. Kristina will oversee all accounting, controllership and financial reporting, including Sarbanes-Oxley controls. She will also play a key role as part of Enovix’s senior leadership team, helping to drive operational excellence and financial transparency as the Company enters its next phase of growth. Enovix CEO Raj Talluri commented, “With Enovix poised for significant growth in 2025 and beyond, and operating in five international geographies, we decided now is the right time to add the role of Chief Accounting Officer to our executive team. Kristina has been an indispensable leader in our financial organization over the past two years, and her proven expertise, coupled with her deep understanding of Enovix, made her the clear choice to take on this critical position
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About Enovix
Industries
Hardware
Consumer Goods
Company Size
201-500
Company Stage
IPO
Headquarters
Fremont, California
Founded
2007
There are no jobs for Enovix right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Enovix