VFBATTERY REPORT

Chemistry: Anode

Pages 233–249 (17 pages)

Battery Report 2024, page 246: Chemistry: Anode
Text on page 246

Silicon Anode Players Continue Development, Qualification, Scale-Up, And Production 1 of 2 The top 10 include anode active material AAM) manufacturers and battery manufacturers with proprietary silicon

Group14

Enovix

Sila

StoreDot

Enevate

AAM

Battery

AAM

Battery

Battery

Woodenville, WA

Fremont, CA

Alameda, CA

Herzliya, Israel

Irvine, CA

Year Founded

Employees

Type

Startup

Public NASENVX

Startup

Startup

Startup

Total $ Raised

Funding Stage, Date

PE Growth, Sep 2023

PIPE, Jul 2021

Series G, Jun 2024

Series E, not listed

Series E, 2021

Valuation / Market Cap

Technology Approach

Silicon encapsulated in hard carbon matrices

Thick silicon, stacked and constrained

Nano-composite silicon

Silicon-based anode, layered structure

Silicon-dominant anode, porous

Application(s) Targeted

EV, consumer electronics

EV, energy storage

Consumer electronics, EV

EV

EV

AAM or Battery HQ

Sources: Top 20 by post-money valuation found in Pitchbook Jan 2025. Crunchbase, DealRoom and company websites. Excluding large, established AAM and battery manufacturers with an interest in Si.

Extracted from the PDF; charts and images may read imperfectly.

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