About Enovix
Enovix is a company based in Fremont (United States) founded in 2006.. Enovix has raised $125.03 million across 6 funding rounds from investors including T J Rodgers, York Capital and Sofinnova. The company has 570 employees as of December 31, 2024. Enovix has completed 1 acquisition, including Routejade. Enovix offers products and services including Enovix Batteries, BrakeFlow™, and Routejade Technology. Enovix operates in a competitive market with competitors including SunPower, Amprius Technologies, Nexeon, ORLIB and Starsight.io, among others.
- Headquarter Fremont, United States
- Employees 570 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Enovix Corporation
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Annual Revenue
$23.07 M201.86as on Dec 31, 2024
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Net Profit
$-222.24 M-3.82as on Dec 31, 2024
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EBITDA
$-157.98 M15.45as on Dec 31, 2024
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Total Equity Funding
$125.03 M (USD)
in 6 rounds
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Latest Funding Round
$20 M (USD), Series F
Sep 23, 2020
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Investors
York Capital
& 3 more
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Employee Count
570
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Enovix
Enovix is a publicly listed company on the NASDAQ with ticker symbol ENVX in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Enovix
Enovix offers a comprehensive portfolio of products and services, including Enovix Batteries, BrakeFlow™, and Routejade Technology. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-performance lithium-ion batteries for various devices
System for enhanced power safety and thermal control
Advanced solutions for battery efficiency in electronics
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Funding Insights of Enovix
Enovix has successfully raised a total of $125.03M across 6 strategic funding rounds. The most recent funding activity was a Series F round of $20 million completed in September 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series F — $20.0M
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First Round
First Round
(07 Mar 2012)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Series F - Enovix | Valuation |
investors |
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| Apr, 2020 | Amount | Series F - Enovix | Valuation | York Capital Management | |
| Dec, 2018 | Amount | Series E - Enovix | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Enovix
Enovix has secured backing from 4 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include T J Rodgers, York Capital and Sofinnova. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Biotech funding, drug development support, and investment in life sciences.
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Founded Year | Domain | Location | |
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Tech-focused seed, early, and mid-stage VC investments are made globally.
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Founded Year | Domain | Location | |
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Investment management services are provided by York Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Enovix
Enovix has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Routejade. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Compact lithium-ion batteries are developed for consumer and IoT applications.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Enovix
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Enovix Comparisons
Competitors of Enovix
Enovix operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SunPower, Amprius Technologies, Nexeon, ORLIB and Starsight.io, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Silicon-based solar PV modules are manufactured for diverse applications.
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| domain | founded_year | HQ Location |
Silicon nanowire-based Li-Ion batteries are developed for high energy density.
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| domain | founded_year | HQ Location |
Silicon-based anode technology for Li-ion batteries is provided.
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| domain | founded_year | HQ Location |
Lithium-ion and silicon battery solutions are provided.
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| domain | founded_year | HQ Location |
Online platform offering silicon-based batteries
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Enovix
Frequently Asked Questions about Enovix
When was Enovix founded?
Enovix was founded in 2006 and raised its 1st funding round 6 years after it was founded.
Where is Enovix located?
Enovix is headquartered in Fremont, United States. It is registered at Fremont, California, United States.
Who is the current CEO of Enovix?
Raj Talluri is the current CEO of Enovix.
Is Enovix a funded company?
Enovix is a funded company, having raised a total of $125.03M across 6 funding rounds to date. The company's 1st funding round was a Series E of $22.16M, raised on Mar 07, 2012.
How many employees does Enovix have?
As of Dec 31, 2024, the latest employee count at Enovix is 570.
What is the annual revenue of Enovix?
Annual revenue of Enovix is $23.07M as on Dec 31, 2024.
What does Enovix do?
Enovix was founded in 2006 and is headquartered in Fremont, United States. Advanced lithium-ion battery cells are developed by the company, utilizing a 3D silicon platform to enhance performance in mobile devices. Operations encompass the design and production of silicon anodes alongside comprehensive 3D battery architectures, targeting applications in consumer electronics and related sectors.
Who are the top competitors of Enovix?
Enovix's top competitors include SunPower, Amprius Technologies and Nexeon.
What products or services does Enovix offer?
Enovix offers Enovix Batteries, BrakeFlow™, and Routejade Technology.
Is Enovix publicly traded?
Yes, Enovix is publicly traded on NASDAQ under the ticker symbol ENVX.
How many acquisitions has Enovix made?
Enovix has made 1 acquisition, including Routejade.
Who are Enovix's investors?
Enovix has 4 investors. Key investors include T J Rodgers, York Capital, Sofinnova, and DCM.
What is Enovix's ticker symbol?
The ticker symbol of Enovix is ENVX on NASDAQ.
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