TechCrunch·5 min read·medium
Bucking EV slowdown, Sila raises $300M to expand battery materials factory
T
Tim De Chant
✦AI Summary
Battery startup Sila has raised $300 million to expand its Washington State factory, aiming to produce silicon-carbon anode materials for over 100,000 electric vehicles. Despite a slowdown in U.S. EV demand, the company is positioning itself as a domestic alternative to Chinese-dominated graphite supply chains.
Battery materials startup Sila announced Tuesday that it raised $300 million to expand its factory in Washington State to produce enough anode material for more than 100,000 EVs.
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