Sila raises $300M to fast-track gigascale anode production and shore up US battery supply chains

Sila, formerly Sila Nanotechnologies, raised $300 million in a private equity round led by Atreides Management and Sutter Hill Ventures. Other participants include 8VC, Bessemer Venture Partners, Matrix Partners, T Rowe Price, and In-Q-Tel. The funding will expand its silicon anode manufacturing plant in Moses Lake, Washington, to strengthen US battery supply chains. This investment enables Sila to produce enough silicon-carbon anode material to power more than 100,000 EVs, despite the current EV slowdown.