Enovix went public via a SPAC merger with Rodgers Silicon Valley Acquisition in a $1.1bn deal.

Enovix, a developer of energy storage cells used in lithium-ion and lithium polymer rechargeable batteries, went public via a SPAC merger with Rodgers Silicon Valley Acquisition, a special purpose acquisition company, in a $1.1bn deal. “Enovix’s public company debut marks a significant milestone in our effort to design and manufacture next generation 3D Silicon Lithium-ion batteries with energy densities that are five years ahead of current battery technologies. We are focused on producing the first advanced silicon-anode lithium-ion battery for mass-market applications from our U.S. manufacturing facility. Simply put, the world needs a better battery and we look forward to powering the industries of the future," Harrold Rust, Enovix President and CEO.