Mergermarket Interview with Harrold Rust, Enovix CEO
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
It takes years to advance a consequential new battery from concept to commercialization. For proof, look no further than this year’s Nobel Prize in Chemistry. Stanley Whittingham developed the first lithium-ion battery in 1976, John Goodenough improved cathode performance in 1980, and Akira Yoshino made it practical for commercialization in 1991—a total of fifteen years from start to finish. The lithium-ion battery has powered the mobile revolution since its introduction.
In February, we distributed a press release with the headline, Enovix Corporation Charts Course to Production and Commercialization of its 3D Silicon™ Lithium-ion Battery. The release noted that we were sampling cells to leading mobile device producers with rated energy density over 900 Wh/l and cycle life over 500. Enovix CEO, Harrold Rust, stated, ““To our knowledge, no other company has developed a lithium-ion cell with a 100% silicon anode
As I noted in the previous blog post, LI-ION BATTERY MARKET: 1995–2015 Growth and Drivers, Avicenne Energy, a market research and consulting firm, publishes a comprehensive report each year, “The Worldwide Rechargeable Battery Market.” The graph shows the actual growth of Li-ion battery use for portable electronics and electric vehicles since 2000, and the projected growth through 2025. The Rechargeable Battery Market (source: Avicenne Energy) Between 2000 and 2015, the
Avicenne Energy is a market research and consulting firm that has established a well-regarded reputation for coverage of the battery market. Each year Avicenne publishes a comprehensive report, “The Worldwide Rechargeable Battery Market.” The Avicenne graph below shows how Li-ion battery market size and share grew from 1995 through 2015. An earlier post, LI-ION BATTERY PRODUCTION, described how Sony commercialized the first lithium-ion (Li-ion) battery in 1991 to help drive