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Daimler Leads $170M Financing In Sila Nanotechnologies

by vcaonline.com posted 4months ago 19 views
ALAMEDA, Calif., April 16, 2019-- Sila Nanotechnologies (“Sila Nano”), a next-generation battery materials company, announced today that it has secured $170 million in Series E funding led by Daimler AG to bring the first Sila Nano-powered batteries into the market, accelerating the path toward powerful, low-cost electric vehicles. This latest round brings the company’s total funding to $295 million. Jeff Immelt, former CEO of General Electric, will also be joining Sila Nano’s Board as an independent director, bringing deep global expertise in materials and manufacturing.

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