Sila lands $1.4B Pentagon loan as militaries demand more batteries
Battery materials startup Sila will use a $1.4 billion loan from the U.S. Department of Defense to scale production at its factory in Washington State.
Battery materials startup Sila will use a $1.4 billion loan from the U.S. Department of Defense to scale production at its factory in Washington State.
Sila’s fresh $300 million round will help it make enough of its silicon-carbon anode material to power more than 100,000 EVs.
Sila has been building the facility on Moses Lake, Washington, for nearly two years. Now, it’s poised to start volume production.
Apple’s slimmest iPhone uses a “revolutionary” battery design that allows the cell to fill more space within the device, boosting overall energy storage.