# Enevate Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/enevate

- Industry: Energy Storage & Batteries
- Headquarters: Irvine, US
- Website: www.enevate.com
- Total disclosed funding: $162M
- Latest round: Series E (Feb 9, 2021)
- Investors on record: 9

## About

Based in California, US, and founded in 2005, Enevate Corporation operates as an energy and storage company that offers advanced battery capacity within the Li-ion ecosystem. In February 2021, Enevate Corporation raised USD 81 million in series E funding led by Fidelity Investments, with participation from Infinite Potential Technologies and Mission Ventures.

Enevate Corporation creates lithium-ion battery technologies with the goal of speeding up the charging of electric vehicles. Furthermore, when compared to traditional graphite-based Li-ion batteries, their advanced battery technology, which primarily uses pure silicon, offers numerous advantages such as rapid charging, high energy density, reliable performance in cold climates, cost-effectiveness, and improved safety. This technology allows electric vehicle owners to charge their vehicles in the same amount of time it takes to refuel a gasoline-powered vehicle.

The investment held in February 2021, plans to enable the company to significantly expand its pre-production line designed to guide EV and other battery customers.

## Funding rounds

- Series E, Feb 9, 2021, $81M — Mission Ventures, Fidelity Investments, Infinite Potential Technologies
- Series C, Mar 15, 2017, $14M — Mission Ventures, Tsing Capital, Samsung Venture Investment, Infinite Potential Technologies
- Series B, Sep 15, 2015, $30M — Mission Ventures, Tsing Capital, Presidio Ventures, Infinite Investments
- Series B, Dec 12, 2012, $24M — Draper Fisher Jurvetson, Mission Ventures, Tsing Capital, Presidio Ventures, CEC Capital Management LLC
- Series A, Aug 1, 2011, $10M — Draper Fisher Jurvetson, Mission Ventures
- Series B, Apr 9, 2008, $3.2M — Draper Fisher Jurvetson, Mission Ventures

## Investors

- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series B, Series A
- Mission Ventures (https://capitalatlas.ai/funds/mission-ventures) — Series B, Series A, Series C, Series E
- Tsing Capital (https://capitalatlas.ai/funds/tsing-capital) — Series B, Series C
- Presidio Ventures (https://capitalatlas.ai/funds/presidio-ventures) — Series B
- CEC Capital Management LLC — Series B
- Infinite Investments — Series B
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series C
- Infinite Potential Technologies — Series C, Series E
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series E