Enovix

What Enovix does

Enovix Corporation (NASDAQ: ENVX) is a Fremont, California-based battery manufacturer that designs and produces advanced 100% active silicon-anode lithium-ion cells using a proprietary 3D architecture with an integrated stainless-steel constraint system. The architecture is designed to solve four critical challenges of silicon anodes — first-charge expansion, first-charge efficiency loss, cycle swelling, and limited cycle life — through novel cell geometry, a pre-lithiation manufacturing process, and the BrakeFlow intra-cell safety system. The company's flagship AI-1 platform achieves 935 Wh/L volumetric energy density (independently verified by Polaris Battery Labs), and its MX-1 platform delivers 360 Wh/kg for drone applications. Following the 2023 acquisition of South Korea's Routejade, Enovix expanded into graphite and high C-rate cell manufacturing (SLPB, FLPB, ASDB, PD product lines), giving it defense-grade, TAA-compliant, non-FEOC production capability.

Enovix sells directly to enterprise OEM customers across six application verticals: smartphones (lead customer HONOR), smart eyewear (a Silicon Valley AI company with an order for ~50,000 units in 2026), aerial drones (Korean military contractors, U.S. Drone Dominance program), wearables and IoT, industrial and medical devices, and — longer-term — electric vehicles. The company employs between 501 and 1,000 people and operates a multi-site manufacturing footprint: Fab-1 in Fremont, the high-volume Fab-2 in Penang, Malaysia (currently completing site acceptance testing), Routejade's facilities in Nonsan, Korea, a sales office in Anyang, Korea, and an R&D center in Hyderabad, India.

Revenue is generated through B2B hardware sales of standard battery cells and custom cell development under multi-year OEM contracts, with pricing set via customer-specific quotes. Enovix reported FY2025 revenue of $31.8 million (38% YoY growth) and Q1 2026 revenue of $7.6 million (49% YoY growth), driven primarily by defense and industrial shipments. The company has achieved six consecutive quarters of positive non-GAAP gross profit (26.3% in Q1 2026) and holds a cash position of approximately $582.7 million as of Q1 2026, following warrant exercises and convertible note issuances in 2025.

Name

Enovix

Legal name

Enovix Corporation

Website

https://enovix.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Enovix Corporation (NASDAQ: ENVX) designs and manufactures 100% active silicon-anode lithium-ion batteries using a proprietary 3D architecture, selling directly to enterprise OEMs in smartphones, smart eyewear, drones, wearables, and industrial markets.

Ownership category

akta.pro rank

Product category

Advanced Lithium-ion Batteries

NAICS

Battery Manufacturing (33591), Electrical Equipment Manufacturing (3353), Other Electrical Equipment and Component Manufacturing (3359)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electrical Industrial Apparatus (3620)

akta.pro primary industry

Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA)

akta.pro secondary industries

Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Battery Pack & Module Manufacturing (EV) (IMACACAA), Battery Pack Manufacturing & Module Assembly (EUAFABAI)

Keywords

• Silicon-anode batteries
• Lithium-ion battery cells
• 3D battery architecture
• High energy density batteries
• Rechargeable battery cells

Headquarters

HQ city

Fremont

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Battery Cell Sales - Defense & Industrial: Primary revenue stream from sales of silicon-anode and graphite-based lithium-ion battery cells to defense, industrial, and military customers. Q1 2026 revenue of $7.6M (49% YoY growth) driven by strength in defense and industrial shipments, including batteries supplied to Korean military contractors. Sixth consecutive quarter of positive gross profit.
2. Battery Cell Sales - Consumer Electronics: Revenue from sales of high-energy density batteries for smartphones, smart eyewear, wearables, and IoT devices. AI-1 smartphone battery platform sampling with lead customer; smart eyewear initial commercial production of approximately 50,000 units expected in 2026.
3. Drone Battery Platform: MX-1 drone battery platform targeting defense and industrial aerial applications with 360 Wh/kg energy density. Korea-based pipeline exceeding $130M tied to drone applications including U.S. Drone Dominance program.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Enovix designs and manufactures 100% active silicon-anode lithium-ion battery cells using a proprietary 3D cell architecture with an integrated constraint system. The company sells these cells directly to enterprise OEM customers across smartphones, smart eyewear, drones, wearables/IoT, defense, industrial, and medical applications. Enovix also provides custom cell development services for OEM customers with specific form-factor or performance requirements.

Product overview

Enovix offers a portfolio of advanced lithium-ion batteries centered on its proprietary 100% active silicon-anode technology. The core product line includes the AI-1™ Platform with multiple variants (AI1-566781, AI1-501241, AI1-613548, AI1-602561) targeting smartphones, smart eyewear, and IoT devices, achieving energy densities exceeding 900 Wh/L. Following the acquisition of Routejade, the company expanded into the MX-1™ Platform and additional product lines including SLPB (high C-rate polymer batteries for drones and defense), FLPB (flexible lithium-ion polymer batteries for wearables), ASDB (asymmetric batteries), and PD (coin cell batteries). Supporting technologies include the 3D Architecture with integrated constraint system, BrakeFlow™ safety technology, and Routejade's Encapsulation Technology. The company serves smartphone, smart eyewear, wearables/IoT, aerial drones, industrial/medical, and electric vehicle applications.

Differentiator

Problem solved

Functional benefit

Brands

• AI-1™ Platform: Artificial Intelligence Class™ silicon-anode batteries designed for next-generation smartphones, delivering high energy density and fast charging capabilities
• BrakeFlow™
• MX-1™ Platform
• Routejade Technology

Products and services

• AI-1™ Platform Enovix's flagship silicon-anode battery platform with 100% active silicon-anode architecture delivering over 900 Wh/L energy density for smartphones, smart eyewear, and mobile devices.
• MX-1™ Platform Mission execution battery platform for next-generation drones and unmanned systems, delivering 360 Wh/kg energy density, high-power discharge, and TAA-compliant defense supply chain.
• SLPB (High C-rate Polymer Battery) High discharge pouch cells designed for drones, defense systems, and industrial applications, supporting discharge rates up to 45C with capacities up to 10 Ah.
• FLPB (Flexible Lithium-ion Polymer Battery) Flexible battery platform for wearables, IoT, and compact devices, offering thin construction with stable internal structure for space-constrained designs.
• ASDB (Asymmetric Batteries) Asymmetric lithium-ion battery designs that maximize available device space and enable higher energy capacity than conventional rectangular cells.
• PD (Coin Cell Batteries) Rechargeable coin cells with energy density over 300 Wh/L, designed for rugged wearable devices including GPS, smart watches, and smart shoes.

Quantifiable outcome

• 935 Wh/L volumetric energy density - 12% higher than leading commercial smartphone battery
• +5 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Polaris Battery LabsminorStrategic or Co-development Partner · 13 January 2026Independent testing laboratory that verified Enovix AI-1 battery achieves 935 Wh/L volumetric energy density, confirming 12% performance advantage over leading commercial smartphone batteries. Testing validates Enovix's performance claims for customer qualification purposes.
• HONOR Device Co., Ltd.coreStrategic or Co-development PartnerLead smartphone customer for AI-1 battery platform. Companies aligned on silicon-specific qualification framework addressing primary structural barrier to qualification. Enovix met 72 of 75 key specifications. Samples shipped in Q4 2025 with target commercialization in 2026 pending final qualification.
• Silicon Valley AI Company (Smart Eyewear)coreStrategic or Co-development PartnerPlaced high-volume production order for smart eyewear batteries scheduled for 2026 delivery. Expected to produce approximately 50,000 units in 2026 as early commercial opportunity for Enovix.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• EnerSys: EnerSys is a large established industrial battery manufacturer serving motive power, reserve power, and aerospace/defense markets. As a broad incumbent, it competes with Enovix in industrial and defense battery segments with a more diversified product portfolio.
• Samsung SDI: Samsung SDI is a global battery leader supplying lithium-ion cells for smartphones, EVs, and energy storage. As a broad incumbent, it competes with Enovix in smartphone batteries and has the scale, customer relationships, and R&D budget to develop competing silicon-anode or high energy density products.
• LG Energy Solution: LG Energy Solution is one of the world's largest lithium-ion battery manufacturers, supplying major smartphone and EV OEMs. As a broad incumbent, it is a key competitor in both Enovix's smartphone target market and the long-term EV opportunity.

Emerging players

• Solid Power: Solid Power is developing next-generation solid-state battery technology primarily targeting automotive OEMs. While focused on a different chemistry (solid-state vs silicon-anode Li-ion), it competes in the broader next-generation battery space targeting similar high energy density and safety use cases.
• Electrovaya: Electrovaya manufactures lithium-ion batteries for material handling, EV, and energy storage applications. Overlaps with Enovix in industrial battery applications and pursues similar OEM direct sales model.
• QuantumScape: QuantumScape is developing solid-state lithium-metal batteries primarily for electric vehicles. Like Enovix, it is a publicly traded next-generation battery company pursuing transformative improvements in energy density and safety.
• KULR Technology Group: KULR develops battery safety and thermal management technologies, and produces battery cells for defense, aerospace, and specialty applications. Overlaps with Enovix in defense market focus and battery innovation.

Direct peers

• Microvast Holdings: Microvast manufactures lithium-ion battery cells and packs for commercial vehicles, energy storage, and specialty applications. It is a direct peer in commercial-scale Li-ion battery manufacturing with overlapping target markets in transportation and industrial applications.
• Amprius Technologies: Amprius develops silicon-anode lithium-ion batteries targeting similar applications including drones, defense, wearables, and EVs. It is the most direct competitor to Enovix, also focused on 100% silicon-anode technology for high energy density applications.

Regional players

• Ultralife Corporation: Ultralife manufactures batteries and communications systems primarily for defense, medical, and industrial markets. Overlaps with Enovix's defense/industrial segment focus and pursues similar ruggedized, specialty battery applications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Enovix3D
• YouTubeyoutube.com/c/Enovix
• LinkedInlinkedin.com/company/enovix-corp-

Compliance15 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries4 records

Funding overview

Funding rounds12 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Enovix