Sila Nanotechnologies plans battery materials factory after $590 million investment

January 28, 2021
Chemicals More...
Very important

Sila Nanotechnologies' latest round was led by Coatue and institutional investors. The manufacturing plant will eventually produce enough silicon anode material for a 100 GWh capacity; it is slated to open in 2024 and ramp up production enough to supply materials for BEVs in 2025. Sila Nanotechnologies' silicon nanocomposite materials are designed to be a drop-in replacement for anodes in existing roll-to-roll manufacturing processes. It now has a valuation of $3.3 billion and has secured partnerships with BMW, Daimler, and Amperex Technology Limited. The company notably did not receive significant investment from battery makers or automotive companies, seeming to bet on widespread industry adoption to justify its high valuation.

For the original news article, click here .

Further Reading

SVOLT closes $1.6 billion Series B for nickel-manganese (NMX) cells just five months after its Series A

News Commentary | August 17, 2021

Following a $538 million Series A in February 2021 and the launch of its NMX cells, SVOLT has raised an additional $1.6 billion that will enable R&D of novel cathodes and construction of new manufacturing facilities. SVOLT's cells reportedly achieve an energy density just 5% lower than incumbent... Not part of subscription

Factorial Energy raises USD 200 million in Series D funding round

News Commentary | January 27, 2022

Factorial Energy's funding round was led by Mercedes‑Benz and Stellantis as part of a joint venture that was announced in November 2021. The money raised will help scale up the company's proprietary solid‑state electrolyte (SSE) material known as Factorial Electrolyte System Technology. It is ... Not part of subscription

Sila Nanotechnologies

Company Profile | April 06, 2022

Sila Nanotechnologies develops and manufactures silicon nanocomposite materials for Li‑ion battery anodes that it claims are a drop‑in replacement for conventional graphite anodes Most of its materials have a high silicon loading of about 50%; while the company could not disclose further ... Not part of subscription