TLDR:
- Sila, a battery materials company based in Alameda, CA, raised $375M in Series G funding.
- The funding round was led by Sutter Hill Ventures and funds advised by T. Rowe Price Associates, Inc., with participation from new and existing investors such as Bessemer Venture Partners and Coatue.
Sila, led by CEO Gene Berdichevsky, aims to empower the transition to clean energy through its battery materials. The company shipped commercially available silicon anode for lithium-ion batteries in 2021, enhancing battery performance in consumer electronics devices. Sila’s Titan Silicon anode will soon power electric vehicles, including an upcoming version of the Mercedes-Benz G-Class. The company is scaling its technology at a manufacturing facility in Moses Lake, Washington, with plans to complete the plant in Q1 2025 and deliver to auto customers in Q4 2025.
