Enevate develops and licenses advanced silicon-dominant Li-ion battery technology that delivers extreme fast charging and high energy density for electric vehicles and other markets. The company markets a technology it says enables five-minute extreme fast charging, low-temperature operation, lower cost and safety advantages versus conventional batteries, and supports pouch and cylindrical cell formats. Its business model focuses on technology transfer and intellectual property licensing to automotive OEMs and EV battery manufacturers, enabling use of existing manufacturing infrastructure with minimal additional investment. Enevate holds a portfolio of more than 350 patents issued and pending and states its patents cover jurisdictions representing over 95% of EV sales worldwide, claiming the largest patent portfolio among silicon Li-ion startups. The Irvine, California–based company works with multiple OEMs and battery manufacturers and plans to expand a pre-production line to guide customers toward larger-scale manufacturing. It intends to use new funding to hire additional scientists and engineers and to scale commercialization. With the latest round, Enevate has raised $191 million to date. Enevate develops and licenses silicon-dominant Li-ion battery technology (HD-Energy®) that delivers extreme-fast charging—about five-minute charge times—alongside high energy density, strong low-temperature performance, lower cost, and safety advantages. The company licenses its HD-Energy technology to battery and EV automotive manufacturers and suppliers worldwide to accelerate production volume and adoption. Enevate emphasizes low-temperature operation for cold climates, long driving range, and rapid charging as core product benefits. Leadership projects a future where EV drivers can use drive-thru style charging stations and be back on the road in roughly five minutes. Enevate is headquartered in Irvine, Calif., and lists a group of strategic investors backing its technology. Bangchak, through its Bangchak Initiative and Innovation Center (BiiC), has recently invested in the company; the investment amount was not disclosed. Enevate Corporation, headquartered in California, develops and licenses silicon-dominant lithium-ion battery technology aimed at accelerating EV adoption. Its HD-Energy technology enables extreme fast charging, allowing cells to reach 75% capacity in five minutes while delivering higher energy density than many current long-range EV batteries. The technology also supports safe charging and discharging down to -40°C and captures more energy during regenerative braking, improving range in cold climates. Enevate offers a complete HD-Energy technology and licensing package to enable global EV automakers and battery manufacturers to reach production volumes and adopt next-generation features. The company announced that LG Chem participated in its recent funding, and its investor roster includes Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Samsung, Lenovo, and others. Enevate plans to commercialize its technology through strategic partnerships with manufacturers and licensors to accelerate deployment worldwide. Enevate develops advanced Li‑ion batteries built on its HD‑Energy Technology, which uses silicon‑dominant composite anodes and novel cell designs. The company says this approach increases volumetric and gravimetric energy density by 25–50% versus conventional graphite anode cells. Its batteries enable thinner, lighter form factors for smartphones, tablets, ultra‑thin notebook PCs and drones with longer runtimes. Enevate characterizes the technology as representing over a decade of advancement relative to current Li‑ion improvement rates. The company is headquartered in Irvine, California, and lists investors including Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Infinite Potential Technologies, Presidio Ventures and CEC Capital. Management plans to use new funding to move products developed for its first strategic investors and customers into high‑volume mass production and to expand into applications such as drones. Enevate Corporation is an Irvine, California–based developer of advanced rechargeable lithium‑ion (Li‑ion) batteries. The company focuses on next‑generation Li‑ion batteries for smartphones, tablets, and ultra‑thin notebook PCs. Its HD‑Energy Technology utilizes silicon composite anodes in rechargeable Li‑ion polymer batteries to increase energy density over conventional graphite anode cells. Led by CEO Brian Wong, Enevate completed a $24M Series B financing. Backers include new investors CEC Capital, Tsing Capital, Presidio Ventures (a Sumitomo Corporation company), other strategic investors, and existing investors Mission Ventures and Draper Fisher Jurvetson. The company intends to use the funding to bring its first products to market.

Total raised

$135M

Funding rounds

5

Latest round

Series E

Latest activity

Feb 2021