Canada Pension Plan Investment Board has injected $45m into Sila Nanotechnologies, six months after Daimler led a $170m series E round.
Sila Nanotechnologies, a US-based advanced battery materials developer backed by corporates Amperex, Daimler, Samsung and Siemens, obtained $45m in funding on Monday from sovereign wealth fund Canada Pension Plan Investment Board.
The company is now valued at more than $1bn.
Sila Nano is working on a silicon-based anode for lithium-ion batteries that replaces the current standard of graphite-based anodes, potentially making batteries lighter and safer all while increasing energy density by 20% to 40%.
The technology does not require changes…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
