June 30, 2020
»» Enevate
»» enevate.com
»» Based: Irvine, California
»» Founded: 2005
»» Money raised to date: $111 million
»» Key partnerships: LG Chem, Renault Nissan Mitsubishi, Samsung SDI
»» Strategy: Enevate envisions charging electric vehicles in the same amount of time it takes to refuel a gasoline-powered car, and they design their battery cells to promote extra-fast charging. Enevate’s lithium-ion battery design replaces conventional graphite anodes with silicon-dominant anodes, which have a higher energy capacity.
»» Why watch: The firm’s advisory board counts among its members chemistry Nobel laureate and battery pioneer John B. Goodenough.