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About Enovix
Industries
Hardware
Consumer Goods
Company Size
201-500
Company Stage
IPO
Total Funding
$587M
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. Unlike many competitors, Enovix focuses on proprietary silicon battery technology, allowing it to stand out in the competitive mobile device battery market. The company's goal is to improve the user experience and performance of mobile devices through its advanced battery solutions.
Simplify's Take
What believers are saying
- Growing demand for fast-charging solutions aligns with Enovix's technology focus.
- Partnerships with major electronics companies enhance market reach and credibility.
- Renewable energy storage trends offer expansion opportunities for Enovix's technology.
What critics are saying
- Departure of CFO may lead to financial instability or planning delays.
- $100 million equity offering could dilute existing shareholders' value.
- Expansion into international markets increases geopolitical and regulatory risks.
What makes Enovix unique
- Enovix's 3D cell architecture enhances energy density and cycle life.
- The company focuses on fast charging and superior thermal dissipation for mobile devices.
- Enovix is pioneering silicon-anode lithium-ion battery production in the U.S.
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Funding
Total Funding
$587M
Above
Industry Average
Funded Over
11 Rounds
Benefits
Stock Options
Company Equity
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↑ 0%2 year growth
↑ 0%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
Enovix Corporation announced that CFO Farhan Ahmad has left the company and that it is searching for a new CFO.
FREMONT, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) - Enovix Corporation ("Enovix") (Nasdaq: ENVX), a global leader in high-performance batteries, today announced the appointment of Dr. Hongwei Yan as Chief Technology Officer (CTO), reporting directly to CEO Dr. Raj Talluri.
Enovix (Nasdaq: ENVX) has successfully completed a secondary equity offering, receiving approximately $96 million net of fees.
FREMONT, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (NASDAQ: ENVX), a global high-performance battery company, today announced
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About Enovix
Industries
Hardware
Consumer Goods
Company Size
201-500
Company Stage
IPO
Total Funding
$587M
Headquarters
Fremont, California
Founded
2007
There are no jobs for Enovix right now.
Find jobs on Simplify and start your career today