TechCrunch
Amid a fraught environment for battery startups, Sila has raised $375 million to finish construction of a U.S. factory that will scale its next-generation battery technology for customers like Mercedes-Benz and Panasonic by the end of 2025. Sila, formerly known as Sila Nanotechnologies, is slated to finish construction of its Moses Lake, Washington plant in the first quarter of next year, where the company will begin mass producing its branded Titan Silicon anode material. The all-equity Series G round – led by existing investors Sutter Hill Ventures with participation from Bessemer Venture Partners, Coatue, Perry Creek Capital and others – comes as other electric vehicle battery companies struggle to get products to market and stay afloat.