Sila Nanotechnologies, a Silicon Valley battery materials company cofounded and led by a former Tesla engineer, raised an additional $590 million for the production of its silicon-based anodes that improve the efficiency of batteries for electric vehicles and consumer electronics.
The factory, which will be somewhere in North America, will be a 100 gigawatt-hour plant (that’s large) that will make its silicon materials for electric vehicle batteries, with the goal to start factory production in 2024. The idea is for Sila Nano’s tech to be used in EVs in 2025, and presumably first with automaker partners such as Daimler and BMW Group. The company plans to also use the funds to hire 100 more employees this year, many of them engineers and researchers to work on R&D.
Daimler is making huge strides in battery technology – with in-house battery R&D complemented by close partnerships with key strategic partners CATL, Farasis and Sila Nano.