Enovix Books Order for 100,000 Drone Battery Cells
Battery maker Enovix has received a purchase order for 100,000 units from a multinational provider of dual-use drone systems. Deliveries are scheduled for the first half of 2027 from its plant in South Korea.
Enovix Corporation, a Nasdaq-listed developer and manufacturer of lithium-ion batteries, says it has received a purchase order from a multinational company that supplies dual-use drone systems. The initial order covers 100,000 battery units, and deliveries are scheduled for the first half of 2027. The customer was not named. The cells will come from the company's plant in South Korea, which Enovix describes as TAA-compliant and military-qualified.
From pipeline to backlog
Enovix says the order turns one opportunity from its drone, defense and industrial pipeline into backlog. The company put that pipeline at about $216 million when it reported on October 12, 2026, and the new order is one of the fourth-quarter purchase orders mentioned at the time. If the first deployment goes well, the customer is expected to place further orders for the program in the second half of 2027 and later. Enovix also expects more pipeline opportunities to become purchase orders over the coming quarters. The company notes that the pipeline figure is its own estimate of what identified design opportunities for products made in South Korea would be worth in annual production at their peak; it is not a measure of orders or committed revenue.
Steve Bakos, chief revenue officer and general manager of Enovix, said drone makers currently need high-performance batteries from a qualified supplier outside China and that the order shows the company can provide them. In his view it also confirms that the technology holds up in demanding applications and that in-house, TAA-compliant production is valuable to customers looking for a secure source of supply.
Company background and caveats
Enovix makes batteries with a proprietary silicon-anode architecture aimed at higher energy density in devices where space is tight. Its target markets include smartphones, smart eyewear, defense, industrial uses and emerging edge-AI applications. The company is headquartered in Silicon Valley and has facilities in India, South Korea and Malaysia. In its forward-looking statements Enovix warns that the order could be modified, delayed, reduced or cancelled, that deliveries may not follow the expected schedule, and that the customer may not place follow-on orders. The day before the announcement the company reported third-quarter revenue of $11.0 million, up 38% year on year, and named Bakos as its first chief revenue officer.
Source: Enovix