$375M Boost for Sila as Battery Market Falters
In a challenging market for battery startups, Sila has successfully raised $375 million to complete its factory in Moses Lake, Washington, aiming to mass-produce its Titan Silicon anode material for customers like Mercedes-Benz and Panasonic by 2025. This Series G funding round, led by Sutter Hill Ventures, highlights confidence in Sila’s scalable battery technology, which replaces graphite with silicon for denser, cheaper, and faster-charging batteries. While other battery companies struggle, Sila’s innovative approach and strategic partnerships position it for significant growth in the EV market.
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