# Enovix secures $45M to commercialize 3D Silicon Lithium-ion Battery

Enovix Corporation has secured $45 million in new funds from investors and customers to produce and commercialize its 3D Silicon Lithium-ion Battery. The funds will be used to complete its Fremont, California high-volume battery production facility.

- Type: Investment
- Announced: 2020-03-31
- Where: Fremont, California, United States
- Value: $45.0M
- Starts operating: 2020
- Status: under construction
- Capacity: 8 million units per year
- Products: 3D Silicon Lithium-ion Battery
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Enovix Corporation](https://endata.com/companies/46229.md)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/enovix-secures-45-million-from-investors-and-customers-to-produce-and-commercialize-its-3d-silicon-lithium-ion-battery-301032372.html), 2020-03-31: "Enovix Corporation has secured $45 million in new funds to produce and commercialize its 3D Silicon Lithium-ion Battery."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.