Enovix

Enovix makes high-power batteries that help small electronic devices work better for longer. These products solve power problems for people using smartphones, smart glasses, and military gear. The company uses a special design to pack more energy into tight spaces.

What Does Enovix Build?

• AI-1 Platform: High-capacity batteries designed for smartphones and wearable smart glasses that require more power for artificial intelligence functions.
• Defense and Industrial: Specialized power cells and battery packs used in drones, underwater equipment, and mission-critical public safety tools.
• IoT and Medical: Small, flexible rechargeable batteries used in fitness trackers, medical monitors, and professional headsets.

Scaling Up and Branching Out

• Acquired Routejade in 2023 to bring battery coating and pack assembly capabilities in-house.
• Opened the Fab2 production facility in Malaysia in 2024 to transition toward high-volume manufacturing.
• Purchased an additional manufacturing site in South Korea from Solar Edge in 2025 to increase production floor space.
• Established a global research and design center in Hyderabad, India, in July 2023 to support technical innovation.

What Makes Their Batteries Different?

Enovix uses a 3D architecture that replaces traditional graphite with 100% active silicon in the anode, which is the part of the battery that stores energy. This design helps manage the way silicon expands when charging, allowing for higher energy density without the safety risks of traditional batteries.

A Look at the Numbers

• Revenue reached $11.3 million in Q4 2025, up 15.9% from $9.7 million in Q4 2024.
• Gross profit was $1.3 million in Q4 2025, a 24.7% increase year-over-year.
• Operating income was -$44.0 million in Q4 2025, which deepened 27.4% from the prior year.
• Net income was -$35.0 million in Q4 2025, narrowing 6.6% compared to Q4 2024.
• Free cash flow reached -$28.0 million in Q4 2025, which narrowed 13.3% from the previous year.

Bottom Line

Enovix has transitioned from a developer of standard batteries to a specialized manufacturer of custom silicon-anode cells for major technology brands. By moving its primary manufacturing to Asia, the company is positioning itself to supply the global smartphone and wearable markets.