Eclipse Ventures, a technology-focused investment firm specializing in complex operations and full-stack solutions, has made a significant investment in Enovix. Founded in 2015, the Palo Alto-based firm is managed by a team of former operators who are passionate about modernizing massive, physical industries like manufacturing, logistics and transportation. The Eclipse investment will help fund our production facility here in Fremont, CA. We’ve completed construction and are presently installing equipment to begin production and commercial delivery of our advanced silicon-anode lithium-ion battery next year.
In conjunction, Eclipse Partner Greg Reichow has joined the Enovix board of directors. Enovix has a decade-long relationship with Greg that began when he was with SunPower. Most recently, he served on the Enovix technical advisory board. Harrold Rust, Enovix CEO, said, “Enovix is very pleased to have Eclipse as a major shareholder and to have Greg as a member of our board. His insight and experience scaling global production operations has been invaluable to Enovix, and I look forward to his continued counsel as a board member.”
Greg has spent his career building and leading teams to help scale multifaceted products from initial concept to high-volume production. According to Greg, “Enovix has not only developed, but has delivered, breakthroughs in cell architecture and manufacturing processes that will enable the next generation of battery-powered products. I am incredibly excited to partner with Harrold and his amazing team as we ramp up these game-changing solutions into volume production.”
Prior to joining Eclipse, Greg was Tesla’s executive leader of global manufacturing, factory/automation engineering, supply chain, and product excellence. While at Tesla, he led growth from low-volume Roadster production to the fully integrated manufacturing of the Model S and X and a revenue run rate exceeding $8 billion. In addition, he led the planning, construction and production ramp of the Tesla Gigafactory, the world’s largest lithium-ion battery production facility. Prior to Tesla, Greg was the Senior Vice President of Operations at SunPower and led the growth of manufacturing operations from pilot scale to more than $2 billion in annual revenue.
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