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By Shane Lasley
Metal Tech News 

Silicon battery tech firm raises $590M

Institutional investors fund development of disruptive anode Metal Tech News – February 3, 2021

 

Last updated 7/10/2022 at 3:04pm

Sila Nanotechnologies Coatue Management LLC Benchmark Mineral Intelligence

Daimler

Sila Nanotechnologies has already forged partnerships with automakers such as Daimler, owner of Mercedes-Benz. The Mercedes-Benz EQC in the photo is an all-wheel drive electric vehicle that delivers 402 hp and 561 lb-ft of torque.

Considered by market experts to be the largest single fundraising in the history of lithium-ion battery supply chains, Sila Nanotechnologies raised US$590 million during a financing that closed on Jan. 26.

"Raising way over half a billion dollars is an incredible achievement but is exactly the level of investment innovators in the battery supply chain should be receiving," said Benchmark Minera...



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