Company Directory - Enovix Corporation
Company Details - Enovix Corporation
Enovix Corporation
WebsiteEnovix Corporation is a technology company focused on developing advanced battery technologies, particularly their proprietary 3D Silicon™ lithium-ion battery, which aims to significantly enhance battery performance for various applications including consumer electronics and electric vehicles.
CCI Score
CCI Score: Enovix Corporation
-2.73
Latest Event
Enovix Federal Lobbying Activity Profile
OpenSecrets data indicates that Enovix Corporation engaged in federal lobbying activity during early 2025. The data, downloaded on May 14, 2025, is based on figures provided by the Senate Office of Public Records and reflects the company’s use of lobbying firms to advocate its interests.
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BYSTANDER
Enovix Corporation is currently rated as a Bystander.
Latest Events
- MAY142025
OpenSecrets data indicates that Enovix Corporation engaged in federal lobbying activity during early 2025. The data, downloaded on May 14, 2025, is based on figures provided by the Senate Office of Public Records and reflects the company’s use of lobbying firms to advocate its interests.
-20
Political Contributions and Lobbying Efforts
July 22
The OpenSecrets lobbying profile reveals that Enovix is actively engaging in federal lobbying efforts. From an anti-fascist perspective, corporate lobbying can contribute to the undue influence of corporate interests in shaping public policy, potentially undercutting democratic oversight and progressive reforms. While lobbying itself is a common practice among many corporations, its utilization in the political sphere raises concerns about its impact on public governance and democratic accountability.
- APR222024
Enovix published its 2023 Sustainability Report on April 22, 2024, outlining comprehensive ESG initiatives. The report details robust labor relations and human rights practices including extensive diversity, equity, and inclusion (DEI) programs, community involvement, and ethical supplier standards focused on conflict mineral management and sustainable sourcing.
+80
Labor Relations and Human Rights Practices
July 22
The report emphasizes strong commitments to labor relations and human rights practices. Enovix outlines inclusive workplace policies, robust DEI initiatives, employee benefits, and active community involvement which reflect progressive, anti-authoritarian values that protect worker rights.
+75
Supply Chain Ethics
July 22
The report details stringent supply chain ethics, including a robust supplier code of conduct and conflict minerals policy. These measures are designed to ensure ethical sourcing practices and mitigate any potential complicity in authoritarian supply chains.
- MAR312023
Enovix Corporation spent $30,000 on lobbying efforts during the first quarter of 2023, as reported by OpenSecrets data downloaded on May 14, 2025. This event reflects the company's engagement in political lobbying.
-20
Political Contributions and Lobbying Efforts
July 22
The reported $30,000 lobbying expenditure, while relatively modest in monetary terms, signifies corporate efforts to influence political processes. From an anti-fascist perspective, corporate lobbying is concerning because it can enable undue influence over policymaking and potentially undermine labor rights and democratic accountability.
- JAN092023
An investor lawsuit alleges that Enovix misrepresented its progress toward commercializing its advanced battery technology by overstating the ramp-up of its manufacturing plant, thereby misleading investors and the public about its capabilities.
-40
Business Practices and Ethical Responsibility
July 22
The lawsuit claims that Enovix exaggerated its progress in scaling production for its proprietary battery technology. This deceptive communication undermines corporate transparency and ethical business practices, eroding investor trust and accountability.
Enovix Falsely Touted Battery Ramp-Up, Investor Lawsuit Says
- JAN012023
Enovix Corp spent $30,000 on lobbying in 2023, according to OpenSecrets. The report highlights the company’s engagement in political lobbying, an activity that channels corporate influence into public policy, potentially undermining democratic accountability.
-20
Political Contributions and Lobbying Efforts
July 22
Enovix's reported $30,000 spending on lobbying in 2023 shows active engagement in corporate political influence. This use of funds to sway policy represents a concerning alignment with practices that prioritize corporate interests over transparent democratic processes, a hallmark of complicity in authoritarian tendencies.
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Corporate Financials
- Revenue
- 2025
- $14.00M
- Total Assets
- 2025
- $20.00M
- Operating Income
- 2025
- -$12.00M
- Total Equity
- 2025
- $4.00M
Employees: 200
Industries
- 336320
- Motor Vehicle Electrical and Electronic Equipment Manufacturing
- 541715
- Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
- 335912
- Primary Battery Manufacturing