Sila Nanotechnologies is an engineered materials company focused on dramatically improving energy storage.
Sila Nanotechnologies enables higher energy density batteries for smaller, lighter, longer-lasting wearables & portable electronics, mass adoption of electric vehicles, and practical use of renewable energy.
Sila Nanotechnologies was founded in 2011 and is based in Alameda, California.
Sila Nanotechnologies has developed a silicon-based anode to replace graphite in lithium-ion batteries. The company claims that its materials can improve the energy density of batteries by 20 percent.
Sila Nanotechnologies allows you to test in cells today, significantly increase the energy density of lithium-ion batteries. Their materials are manufacturable economically at scale, and are drop-in replaceme.
Sila currently has partnerships with BMW, Daimler, and ATL, aims to start production at the new plant in 2024 and powering electric vehicles by 2025.
Sila is backed by Bessemer Venture Partners, Coatue, Matrix Partners, Daimler, 8VC, Canada Pension Plan Investment Board, Sutter Hill Ventures, & In-Q-Tel among others. The company raised $590M in Series F round on Jan 26, 2021. This brings Sila's total funding to $830M to date. The Series F round pushed Sila's valuation to $3.3B post-money. The company was previously valued at $1B after it had raised it Series E in Apr 2019.