Sila Secures $300M to Scale Battery Materials Production for 100,000+ EVs
Battery materials startup Sila has raised $300 million in a new funding round. The capital will be used to expand its manufacturing capacity for silicon-carbon anode material. The company aims to produce enough of the material to power over 100,000 electric vehicles. The raise comes at a time when the broader EV industry has been experiencing a notable slowdown in growth.
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