The DOE has announced FY2020 federal funding for projects that support new and innovative advanced vehicle technologies. Enovix has been selected to advance R&D on lithium-ion batteries using silicon-based anodes. The selection, recommended by the Vehicle Technologies Office, authorizes Enovix to complete negotiations for a $3.2-million federal award funded through the DOE’s Office of Energy… Read more »
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Enovix Corporation has secured an additional $45 million to produce and commercialize its 3D Silicon Lithium-ion Battery. Enovix CEO Harrold Rust said, “Anchoring the round is a $25-million strategic investment from a leading California technology company. Present investors have added $10 million, and customers have contracted $10 million to develop batteries for specific products and… Read more »