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Enevate
A leading advanced Lithium-ion battery company
About Enevate
Enevate is a pioneering startup in the electric vehicle (EV) industry, specializing in the development of advanced battery technology. The company's primary offering is a unique, silicon-dominant battery technology that charges EVs as quickly as refueling a traditional gas car. This technology is a game-changer in the EV market, as it addresses one of the main concerns of potential EV buyers - long charging times.
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Enevate's technology also offers several other advantages. It can be integrated into existing manufacturing facilities, making it cost-effective for manufacturers. The materials required are cheaper, and the manufacturing process reduces the CO2 footprint, making it a more sustainable option. Furthermore, the batteries have a high energy density, providing up to 30% more range and energy, and perform 100% better in cold climates.
The company's innovative approach has been recognized with several prestigious awards, including Frost & Sullivan’s Technology Innovation Leadership Award for the North American EV Battery market and Cleantech Group’s 2021 Global Cleantech 100 Company.
Enevate's business model is likely based on partnering with EV manufacturers to integrate their technology into new vehicles. This could involve licensing agreements, joint ventures, or direct sales of their batteries. The company's potential clients would be EV manufacturers looking to improve the performance and convenience of their vehicles.
In summary, Enevate is a promising startup in the EV industry, offering innovative, fast-charging, and energy-efficient battery technology that could revolutionize the market.
At a glance
- Status
- Operational
- Founded
- 2005
- Headquarters
- Irvine, United States
- Employees
- 44
- Open positions
- 1
- Dealroom signal
- 63.1/100
- Sub-industry
- Energy Storage, Vehicle Production
- Sector
- Transportation, Intellectual Property, Lithium-Ion Batteries, Battery, Spinout, Sustainable Development Goals, EV Battery Tech, EV Battery, Climate Tech, Electric Mobility, Silicon Anode, Battery Materials Providers
- Business model
- Manufacturing
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES EOther financing | Feb 2021 | $81M | $324M | Fidelity Investments · Mission Ventures · Infinite Potential Technologies | — |
| LATE VCOther financing | Apr 2019 | $0 | — | Bangchak | — |
Growth signals
Latest recorded traffic for Enevate is 2.3K monthly website visits, up 53.3% over the last three months. Enevate's team declined 39.7% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A3 investors entered at this stage
Mike Lazaridis
Mission Ventures- TCTsing Capital
Series B and later9 investors entered at this stage
Samsung Ventures
Samsung Electronics
Presidio Ventures
LG Chem
Lenovo
Infinite Potential Technologies
Alliance VC
Bangchak
Fidelity Investments
Other known investors1 additional known investor
University of California, Irvine
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Enevate on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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