An unnamed technology company led the latest round for battery developer Enovix, whose existing investors include Intel, Cypress Semiconductor and Qualcomm.
Enovix, a US-headquartered battery technology developer backed by chipmakers Intel, Cypress Semiconductor and Qualcomm, received $35m on Tuesday in a funding round led by $25m from an unnamed California-based technology company.
The round included existing shareholders, though only York Capital and Cypress Semiconductor founder TJ Rodgers were named. The funding was secured alongside $10m of contracts to build batteries for specific, undisclosed products and to reserve production capacity.
Founded in 2006, Enovix has created a rechargeable lithium-ion battery that uses…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.