Sila Nanotechnologies, a developer of silicon-dominant anode products (earlier post), recently $70 Million in Series D funding, led by Sutter Hill Ventures. Additional new investors include Next47, the Siemens-backed global venture firm, and Amperex Technology Limited (ATL). Since 2011, Sila Nano has raised a total of $125 Million from investors, including Bessemer Venture Partners, Chengwei Capital, Matrix Partners, Samsung, and In-Q-Tel (IQT).
In March, Sila Nano announced a partnership with the BMW Group.
Changes in battery chemistry are generational, and Sila Nano is bringing the next one to market. Sila has solved the hard scientific and engineering problems and is ready to rapidly scale up manufacturing to meet the enormous demand for better batteries. We back companies that solve big problems that are worth solving, and Sila is a great example of that. Dramatically better batteries will change the landscape of what's possible for the phone in your pocket, the cars on the road, and the entire grid infrastructure.—Mike Speiser, Managing Director, Sutter Hill Ventures
Sila Nano’s first products are a family of silicon-dominant anode materials that replace conventional graphite electrodes entirely. Developed for cost-effective production within current cell manufacturing processes, these materials work today and enable high cycle life, ultra-low swelling, and high energy density in next generation battery cells.
We have spent the past seven years diligently developing critical new materials to improve battery storage capacity. With the chemistry proven we are now moving into a new phase of market application and manufacturing at industry scale.—Gene Berdichevsky, CEO of Sila Nano