Sila Nano raises $45m for silicon anode production : Page 2 of 2

November 05, 2019 //By Nick Flaherty
Sila Nanotechnologies has now raised $340m for its drop-in silicon anode that replaces graphite in a lithium-ion battery without requiring changes to the battery manufacturing process
Sila Nanotechnologies has now raised $340m for its drop-in silicon anode that replaces graphite in a lithium-ion battery without requiring changes to the battery manufacturing process
Nano’s advisory board, I’ve seen the results of the breakthrough battery chemistry firsthand and I could not pass up the opportunity to take it a step further and lead the company’s automotive partnership efforts,” said Kurt Kelty. “I’m excited to return to my battery tech roots with a company like Sila Nano, which has developed a commercially viable, scalable solution for lithium-ion batteries.”

Earlier this year, Sila Nano rasied $170m in Series E funding led by Daimler AG. With $45 million in additional equity financing secured from CPPIB, Sila Nano will continue to ramp 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 of the silicon anode material in the next few years with plans to go to market with battery partner Amperex Technology Limited (ATL) and automotive partners BMW and Daimler.

www.silanano.com

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