Sila Raises $375M to Deliver Titan Silicon™ for Auto Series Production
Summary
View the full release here: https://www.businesswire.com/news/home/20240627486898/en/The funding will secure the completion of the companys Moses Lake plant in Q1, 2025, enabling the delivery of its Titan Silicon anode material to auto customers in Q4, 2025. Mercedes-Benz and Panasonic, as well as three additional customer contracts yet to be publicly disclosed, have been secured and will be fulfilled through Silas Moses Lake manufacturing facility.The new funding comes as Sila has already demonstrated technical differentiation and market adoption of Titan Silicon as a high silicon anode capable of replacing most or all of the graphite in a Li-ion cell. The build-out of Silas Moses Lake manufacturing plant remains on schedule and will deliver enough capacity to serve its multiple customers. Silas Titan Silicon anode will next power electric vehicles, including an upcoming version of the Mercedes-Benz G-Class and will be used within Panasonic Energys next-generation lithium-ion batteries, which will also serve the automotive industry. Committed to American leadership in clean energy production, Sila is scaling its technology at its manufacturing facility in Moses Lake, Washington.