About Enovix
Enovix is a publicly listed company based in Fremont (United States) founded in 2006. It operates as a lithium-ion battery cells are developed with 3D silicon anode technology. 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. Enovix has completed 1 acquisition, including Routejade. Its chief executive is Raj Talluri. Its website enovix.com draws about 20 thousand monthly visits. Its Indian entity Enovix Research And Development Services India Private Limited reported revenue of ₹14.30 Cr. Enovix offers products and services including Enovix Batteries, BrakeFlow™, and Routejade Technology. Its focus areas include Energy Tech, Energy Storage Tech, Battery and Secondary Battery. Its competitors include SunPower, Amprius Technologies, Nexeon, ORLIB and Starsight.io and 2 more; 3 of its 7 listed competitors have raised funding.
Company details
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.
- Annual Revenue₹14.30 Cr
FY 2024
- Net Profit₹1.31 Cr
FY 2024 · 9% margin
- EBITDA₹1.91 Cr
FY 2024 · 13% margin
- Total Equity Funding$125.03M (USD)
in 6 rounds
- Latest Funding Round$20M (USD), Series F
Sep 2020
- InvestorsYork Capital
& 3 more
- Employee Count570
- Investments & Acquisitions
Associated legal entities of Enovix
Enovix operates through Enovix Research And Development Services India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Enovix Research And Development Services India Private Limited CIN U72100TS2023FTC174809 | Active | 10 Jul 2023 | Hyderabad, Telangana | ₹14.3 Cr | – | 5 | View details |
Products & Services of Enovix
Enovix offers a comprehensive portfolio of products and services, including Enovix Batteries, BrakeFlow™, and Routejade Technology.
High-performance lithium-ion batteries for various devices
System for enhanced power safety and thermal control
Advanced solutions for battery efficiency in electronics
Apps and channels of Enovix
its YouTube channel Enovix has 2.98K subscribers and 30 videos.
Videos from Enovix
The most watched videos on Enovix's YouTube channel, Enovix (2.98K subscribers). Click a video to play it here.
More on Enovix.
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 $125.03M
- Total Rounds 6
- Last Round Series F — $20M
- First Round $15M
(Mar 2012)
- Investors Count 4
All 6 funding rounds of Enovix with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2020 | $20M | Series F | – | – | |
| Apr 2020 | $45M | Series F | – | York Capital Management | |
| Dec 2018 | $22.16M | Series E | – | – | – |
| Apr 2017 | $18.01M | Series D | – | – | – |
| Mar 2017 | $4.86M | Series C | – | – | – |
| Mar 2012 | $15M | Series C | – | Sofinnova Investments, DCM Ventures | – |
4 investors in total: 3 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Biotech funding, drug development support, and investment in life sciences. | – | sofinnova.com | - | |
Tech-focused seed, early, and mid-stage VC investments are made globally. | – | dcm.com | Menlo Park, United States | |
Investment management services are provided by York Capital. | 1991 | yorkcapital.com | New York, United States | |
TJ T J Rodgers | - | – | unknown_8a3ddcb8f94f40ffa | - |
Investor details for Enovix
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Enovix Research And Development Services India Private Limited (Enovix)
Enovix Research And Development Services India Private Limited is the primary company behind Enovix. The board of Enovix Research And Development Services India Private Limited currently have 5 directors; the longest-serving is Chandrasekharan Saravanan, appointed in 2023. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chandrasekharan Saravanan DIN 10232657 | Non- Individual Subscriber | 10 Jul 2023 | 3 yrs 3 mo | Enovix Research And Development Services India Private Limited |
| Anand Ramamoorthy DIN 05277865 | Director | 01 Nov 2023 | 2 yrs 11 mo | Enovix Research And Development Services India Private Limited |
| Putcha Vineela DIN 08884377 | Director | 27 Mar 2025 | 1 yr 6 mo | Enovix Research And Development Services India Private Limited |
| Kristina Nga Truong DIN 11095680 | Director | 15 May 2025 | 1 yr 5 mo | Enovix Research And Development Services India Private Limited |
| Srikanth Mohan Kethu DIN 11308500 | Whole-time director | 31 Oct 2025 | 11 mo | Enovix Research And Development Services India Private Limited |
People of Enovix
48 people are tracked at Enovix (21 in leadership, 7 in board & advisors, 20 in team); the tracked headcount is 570.
| Name | Role | Group |
|---|---|---|
Raj Talluri | CEO & President | Leadership |
| Vice President Finance | Leadership | |
Arthi Chakravarthy | Chief Legal Officer | Leadership |
Robert Lahey | Head Of Investor Relations | Leadership |
Ajay Marathe | COO | Leadership |
Iryna Romaniv | VP, Human Resources | Leadership |
Jay Wang | Vice President Of Asia Sales | Leadership |
Li Lian Foong | Director Of Process Engineering | Leadership |
Ryan Benton | Chief Financial Officer | Leadership |
James Wilcox | VP, Business Development & Head of Enovix Mobility | Leadership |
Ben Cardozo | Senior Director Of Research And Development | Leadership |
Teresa Liou | Senior Director Of Product Management | Leadership |
Milind Patil | Vice President, Global Procurement | Leadership |
Chandra Saravanan | Head Of India Operations | Leadership |
Dan Kistner | Director Of Mfg Operations | Leadership |
Tae Chang | Sr. Director, Global Procurement | Leadership |
Ky Balan ® | Director, Global Procurement Operations | Leadership |
Ross Fosler | Director Of Electrical Engineering | Leadership |
Kim Han Lee | Head Of R&d Malaysia | Leadership |
Prasad Bolla | Vice President Information Technology | Leadership |
28 more people are available in the full profile.
Complete people profiles for Enovix
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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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.
- IPO date05 Jan 2021
- Listed onNASDAQ: ENVX
- Listed entityEnovix Corporation
- Exchange sectorProducer manufacturing
- ISINUS2935941078
- Share price$2.51 (-3.09% on the day) · 2026-10-13
- Market capitalisation$550.8M
- EPS (diluted, trailing year)$-0.80
- Volume (last session)7,227,042
Financials of Enovix
Figures of Enovix Research And Development Services India Private Limited, the primary company behind Enovix, for FY 2024. Revenue was ₹14.30 Cr. Net profit was ₹1.31 Cr (9% margin). EBITDA was ₹1.91 Cr (13% margin).
- ₹14.30 CrRevenue · FY 2024
- ₹1.31 CrNet profit · 9% margin
- ₹1.91 CrEBITDA · 13% margin
- ₹1.00 CrPaid-up capital
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $31.8M | -$156.7M | -$142.8M |
| 2024 | $23.1M | -$222.2M | -$158.0M |
| 2023 | $7.6M | -$214.1M | -$186.8M |
| 2022 | $6.2M | -$51.6M | -$119.1M |
| 2021 | – | -$125.9M | -$68.0M |
Balance sheet, profit and loss, cash flow and ratios of Enovix Research And Development Services India Private Limited are on its company page.
Detailed financial statements for Enovix
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Enovix
Enovix has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Routejade.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Compact lithium-ion batteries are developed for consumer and IoT applications. | routejade.com | – | 2000 | Sep 2023 | •••• |
Complete acquisition details for Enovix
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Enovix
5 dated milestones of Enovix across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Enovix is founded.
- Funding First funding round of $15.0M.
- Funding Latest funding round, Series F, of $20.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Routejade.
Competitors of Enovix
Enovix has 7 listed competitors in our database, 3 of them funded. They include SunPower, Amprius Technologies, Nexeon, ORLIB and Starsight.io, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sunpower.com | 1985 | San Jose, United States | $171.73M | 1,889 | Silicon-based solar PV modules are manufactured for diverse applications. | |
| amprius.com | 2009 | Fremont, United States | $55M | 64 | Silicon nanowire-based Li-Ion batteries are developed for high energy density. | |
| nexeonglobal.com | 2006 | Abingdon, United Kingdom | $170M | 69 | Silicon-based anode technology for Li-ion batteries is provided. | |
| orlib.jp | 2018 | Koto, Japan | – | – | Lithium-ion and silicon battery solutions are provided. | |
| starsight.io | 2022 | San Jose, United States | – | – | Online platform offering silicon-based batteries | |
| thermophoton.com | 2021 | Madrid, Spain | – | – | Silicon-based batteries are offered via an online platform by Thermophoton. | |
| xnrgi.com | 1999 | Bothell, United States | – | 1 | Silicon chip-based lithium metal rechargeable battery technology is developed. |
Detailed competitors of Enovix
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Web traffic of Enovix
The website of Enovix (enovix.com) receives about 20K visits a month.
- Monthly visits20K
▼ 29.3% vs previous month
Websites whose visitors overlap most with Enovix. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| novami.com | 100% | 47.6K | #728,636 | View details | |
| tessolve.com | 76% | 32K | #890,805 | View details |
Top companies in Energy Storage Systems
10 companies that operate in the same segment as Enovix (Energy Storage Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
EV charging station network is operated for vehicle users. | 2017 | Munchen, Bayern, Germany | USD 791 M | – | – | |
Platform offering smart electric vehicle charging solutions | 2018 | London, England, United Kingdom | USD 63.18 M | – | – | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | – | 902 | |
Provider of electric vehicle charging solutions | 2009 | London, England, United Kingdom | USD 58.39 M | – | – | |
Monta is recognized as a provider of EV charging software solutions. | 2020 | Copenhagen, Denmark | USD 134.51 M | – | – | |
Provider of EV battery-swapping network | 2019 | Gurugram, Haryana, India | USD 187.76 M | USD 22.56 M | 482 | |
Portable electric vehicle charging solutions are developed and provided. | 2014 | Boston, Massachusetts, United States | USD 104.86 M | – | 50 | |
Provider of solar integrated power storage system | 2010 | Wildpoldsried, Bavaria, Germany | USD 168.42 M | USD 132.91 M | – |
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Related news about Enovix
Complete news archive for Enovix
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Frequently Asked Questions about Enovix
Enovix was founded in 2006 and raised its 1st funding round 6 years after it was founded.
Enovix is headquartered in Fremont, United States. It is registered at Fremont, California, United States.
Raj Talluri is the current CEO of Enovix.
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 C of $15M, raised on Mar 2012.
Enovix has 570 employees.
The primary company behind Enovix, Enovix Research And Development Services India Private Limited, reported revenue of ₹14.30 Cr for FY 2024.
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.
Enovix's top competitors include SunPower, Amprius Technologies and Nexeon.
Enovix offers Enovix Batteries, BrakeFlowâ„¢, and Routejade Technology.
Yes, Enovix is publicly traded on NASDAQ under the ticker symbol ENVX.
Enovix has made 1 acquisition, including Routejade.
Enovix has 4 investors. Key investors include T J Rodgers, York Capital, Sofinnova, and DCM.