Form Type:  EFFECT
Filing Date:  6/16/2022 
CIK:  0001828318 
Address:  3501 W. WARREN AVENUE 
City, State, Zip:  FREMONT, California 94538 
Telephone:  510 695-2350 
Fiscal Year:  01/01 
Last Trade
Last Trade: 
0.805 (4.43%)  
Trade Time: 
03:25 PM EST  
Market Cap: 
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Description of Business
Enovix has designed, developed and sampled advanced Lithium-ion, or Li-ion, batteries with energy densities that are five years ahead of current industry standard batteries of similar size. "Energy density" is measured as the product of the power a battery puts out in watts times the number of hours the battery can put out that power, divided by the volume (size) of the battery measured in liters. The units of energy density are thus watt-hours per liter or Wh/l. As of January 2, 2022, we estimate that our current battery products deliver 24%-133% greater energy density than the batteries in several categories of currently available consumer electronics products. This energy density breakthrough alters a 30-year Li-ion battery industry trajectory of modest (4.2%) annual Li-ion battery energy density improvements through 2021.
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