Daimler backs Sila Nano's $395m for silicon anode batteries : Page 2 of 2

April 17, 2019 //By Nick Flaherty
Sila Nano's silicon anode material can be dropped into existing battery manufacturing lines
California startup Sila Nanotechnologies has raised $170m in its fifth round of funding for its silicon anode battery materials, bringing the total backing to $395m (€350m).

“Advancements in lithium-ion batteries have become increasingly limited, and we are fighting for incremental improvements,” said Jeff Immelt. “I’ve seen first-hand that this is a huge opportunity that is also incredibly hard to solve. The team at Sila Nano has not only created a breakthrough chemistry, but solved it in a way that is commercially viable at scale.”

With the latest round of financing secured, Sila Nano has begun ramping up production volume and plans to supply its first commercial customers in consumer electronics within the next year. Sila Nano will continue to scale up production in the next few years with plans to go to market with automaker partners BMW and Daimler.

www.silanano.com


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