Sila Nanotechnologies, a maker of battery materials, announced that it raised $590 million in Series F funding at a $3.3 billion post-money valuation. The new funding comes as the first Sila Nano-powered batteries prepare to ship in consumer devices and the company scales up production. Sila Nano will use the funds to develop a new… Read more »
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Sila Nano raises $70 million in funding for silicon-dominant battery anodes
Battery specialist Sila Nanotechnologies has received $70 million in Series D funding from Sutter Hill Ventures, Next47 (backed by Siemens), and Amperex. Sila Nano will use the funding for the development and commercialization of its silicon-dominant anodes. Overall, Sila has raised $125 million from investors including Bessemer Venture Partners, Chengwei Capital, Matrix Partners, Samsung, and… Read more »
Panasonic to use Sila’s Titan Silicon anode material, which promises higher energy density for EV batteries
Panasonic and battery materials company Sila Nanotechnologies have signed a commercial agreement for Sila’s nano-composite silicon anode, Titan Silicon, which could enable the battery maker to dramatically improve both vehicle range and charging time. Sila’s anode materials, to be produced at the company’s plant in Moses Lake, Washington, will be optimized for Panasonic’s next-generation lithium-ion… Read more »
Sila’s Washington anode material plant to begin production in 2024
Battery materials maker Sila Nanotechnologies will open an anode material plant in Moses Lake, Washington. The company claims its anode material boosts the energy density of lithium-ion batteries by 20%. The 600,000-square-foot hydro-powered facility will begin producing silicon-based anode material in the second half of 2024, and full production is scheduled for the first half… Read more »
Battery storage companies raised $1.4 billion in first half of 2019
Battery storage companies raised $1.4 billion in 17 deals during the first half of 2019, according to a report from Mercom Capital Group. That figure is up 139 percent from H1 2018, during which companies raised $543 million in 30 deals. There were six battery storage mergers and acquisitions in H1 2019, compared to eight… Read more »
ARPA-E awards $43 million to 19 energy storage projects
The DOE’s Advanced Research Projects Agency-Energy (ARPA-E) has selected 19 new projects that will receive a total of $43 million to develop new energy storage technologies. The projects are supported through two new ARPA-E programs – Advanced Management and Protection of Energy Storage Devices (AMPED) and Small Business Innovation Research (SBIR) – and will focus… Read more »