Battery developer Enevate expanding to new HQ in Irvine
Monday, February 28, 2022
Enevate, a startup in the lucrative battery development industry, has signed a lease in Irvine for a new headquarters six times the size of its current home, also in the city.
The company should have plenty of room after it moves by year’s end from 20,000 square feet at UCI Research Park. The new digs measure 125,000 square feet at 34 Parker Drive, enabling the company to grow its electric vehicle battery pre-production line and corporate offices.
“With Enevate’s expanding customer base, increased number of projects, and more employees we simply ran out of room at our current facility,” said Enevate CEO Robert A. Rango. “This is a major milestone for the company during a very exciting time in mobility as the world transitions to electric vehicles.”
The privately held company has raised $192.6 million in seven funding rounds, according to Crunchbase. Investors most recently have included Fidelity Management and Research Co. and Infinite Potential Technologies.
Enevate said it will use the new HQ to increase its battery pre-production line, which also will serve as a demonstration facility for automakers and battery makers looking to make batteries in industrial-scale factories, including gigafactories.
The company expects to complete its move into the new facility before the end of this year.
Images courtesy of Enevate.
Category: Business News, Business Expansion, Technology, Irvine