Silicon lithium-ion firm secures new funding as it moves toward EV goal

Battery developer Enovix Corporation has secured $45 million in new funds to further commercialise its 3D silicon lithium-ion technology.

The US firm will use the funds to complete its high-volume battery production facility in Fremont, California, which will produce the company’s 3D silicon lithium-ion battery, which it says reaches 900 Wh/l with full depth of discharge cycle life over 500.