TechCrunch·4 min read·medium
Sila lands $1.4B Pentagon loan as militaries demand more batteries
T
Tim De Chant
✦AI Summary
The U.S. Department of Defense has awarded a $1.4 billion loan to battery startup Sila to expand its silicon-carbon anode production in Washington state. This move aims to reduce reliance on Chinese-dominated graphite supply chains for defense and automotive applications.
Sila has landed a $1.4 billion loan from the U.S. Department of Defense to help the U.S.-based startup expand production of its silicon-carbon battery material.
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