Enovix (NASDAQ:ENVX) is a California‐based technology company specializing in the design and manufacture of next‐generation lithium‐ion batteries. Founded in the late 2000s and headquartered in Fremont, the company has developed a patented three‐dimensional cell architecture intended to deliver higher energy density and improved safety compared with conventional pouch and cylindrical cells. Enovix’s battery cells are engineered to reduce inactive material and pack more active material into the same footprint, addressing the growing power demands of modern electronics.
Enovix’s core products target a range of applications, including wearable devices, mobile electronics and emerging markets such as electric vehicles and unmanned aerial systems. The company’s proprietary 3D cell design is intended to provide up to 20% greater energy density versus conventional lithium‐ion cells, while enabling faster charging rates and enhanced thermal management. Enovix has leveraged its technology to produce both consumer‐grade cells for immediate markets and larger format modules for automotive and industrial customers.
Over the years, Enovix has secured strategic partnerships and funding from leading investors in the semiconductor and electronics industries. In 2021, the company completed its initial public listing via a business combination, and it continues to expand its research, development and pilot manufacturing operations in the United States. Under the leadership of co‐founder and CEO Harrold Rust, the executive team brings extensive experience in battery engineering, semiconductor processing and high‐volume manufacturing.
Currently serving customers in North America, Asia and Europe, Enovix is working to scale up production through a planned high‐volume manufacturing facility in the U.S. The company’s growth strategy includes collaboration with original equipment manufacturers and contract manufacturers to establish supply chains capable of meeting global demand. As energy storage requirements evolve across consumer and industrial sectors, Enovix aims to position its advanced cell technology at the forefront of the rechargeable battery market.
