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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

The following is from a press release (click to view at PR Newswire). Enovix Adds Another $20 Million from Investors, Raising its Total 2020 Equity Funding to $55 Million FREMONT, Calif., September 23, 2020 – Enovix Corporation has added another $20 million from investors. In March 2020, Enovix announced that it had raised $45 million—$35 million from equity investors, and $10 million to complete development and deliver prototype silicon-anode batteries

The following is from a press release (click to view at PR Newswire) Enovix Selected by U.S. Department of Energy for Fiscal Year 2020 Advanced Vehicle Technologies Research Funding FREMONT, Calif., August 26, 2020 – U.S. Secretary of Energy Dan Brouillette has announced FY2020 federal funding for projects that will support new and innovative advanced vehicle technologies. Enovix Corporation has been selected to advance research and development on lithium-ion batteries

We are presently equipping our advanced lithium-ion battery production facility in Fremont, California. Our immediate goal is commercial delivery of our 3D Silicon Lithium-ion Battery to customers. Another important goal is to demonstrate a cost-effective process that can ‘drop-in’ to a standard lithium-ion battery production line and increase Mega-Watt hour (MWh) capacity by 30%. This is the first in a series on U.S. Li-ion Battery Production that will address the

IDTechEx provides independent market research and business intelligence on emerging technology to clients in over 80 countries. The company’s analysts, mostly PhD-educated subject matter experts, conduct primary research through interviews and site visits and deliver insights across a broad spectrum of emerging technologies, including energy storage, electric vehicles and wearables. A couple of weeks ago, Dr. Alex Holland, an IDTechEx technology analyst focused on energy storage technology, conducted a webinar

This is the third in a series of posts on technologies that are having a profound impact on our mobile future. The first focused on the growth, benefits and challenges of 5G cellular networks. The second focused on the impact of artificial intelligence (AI) for mobile communications and computing. This final post examines the potential of augmented reality. AUGMENTED REALITY Unlike 5G and AI, which are enabling technologies, augmented reality

Recently, Chris Metinko of Mergermarket, spoke with Harrold Rust, Enovix CEO and co-founder, about funding, how we’re dealing with the COVID-19 global pandemic and key aspects of our business model. Here’s a link to the article published on April 16, 2020 (which may require a subscription to login). Following is full text of the article. Enovix Could Look to Top Off Raise Late This Year Despite COVID-19, CEO Says Enovix expects

The following is from a press release (click to view at PR Newswire). FREMONT, Calif., March 31, 2020 – Enovix Corporation has secured $45 million in new funds to produce and commercialize its 3D Silicon Lithium-ion Battery. The funding sources include a major new strategic investor, current investors (including T. J. Rodgers and York Capital), and non-dilutive funding from market leading customers. Harrold Rust, Enovix co-founder and CEO, said, “The

This is the second in a series of three posts on technologies that are having a profound impact on our mobile future. The first focused on the growth, benefits and challenges of 5G cellular networks. This post looks at the impact of artificial intelligence (AI) on mobile communications and computing. ARTIFICIAL INTELLIGENCE As with 5G, AI may seem like old news. But the movement of AI from the cloud, where

In the electronics’ industry, the year starts with CES. The event premiers its share of questionable, even amusing, products: Just how many of us will have a Charmin Rollbot in our home next year? But it also features technologies that will have a profound effect on our mobile future. We are especially interested in technologies to which our own advancements in silicon-based battery technology will contribute. Here is the first