Enevate

Based in Irvine, California, Enevate develops advanced silicon-dominant lithium-ion batteries that enable extreme fast charging, high energy density, and improved cold temperature performance for electric vehicles and consumer electronics. Operating on a fabless business model that relies on contract manufacturers and foundries, the company has raised over $110 million in funding while securing a portfolio of more than 250 issued or pending patents. The enterprise is backed by prominent strategic corporate investors, including the Renault-Nissan-Mitsubishi Alliance, LG Chem, and Samsung. Its leadership and advisory teams feature notable industry figures, such as former General Motors executive Robert Kruse as chief executive officer and Nobel laureate John Goodenough. Originally focused on microbatteries for mobile devices before pivoting to larger formats, Enevate was founded in 2005 by Benjamin Park, Rabih Zaouk, Marc Madou, and Steve Cardona.