Battery materials developer Sila Nanotechnologies is preparing for commercialisation, after Daimler led a series E round that included Siemens Next47.

Automotive manufacturer Daimler led a $170m series E round for US-based advanced battery materials developer Sila Nanotechnologies today that included industrial technology and appliance producer Siemens’ Next47 unit.

The round also featured 8VC, Bessemer Venture Partners (BVP), Chengwei Capital, Matrix Partners and Sutter Hill Ventures, and it boosted the company’s overall funding to $295m.

Sila Nano is developing materials for use in lithium-ion batteries that are intended to be lighter and safer than existing batteries that use graphite, while also…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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