Along with the acquisition of the equity stake Daimler will get a seat in the Board of Directors of Sila Nano. The investment forms part of the latest round of financing, which was led by Daimler.
Improvements to traditional Li-Ion battery chemistry have reached their limits and Sila Nano’s cross-disciplinary team of scientists and engineers have pushed forward the development of the next generation of battery chemistry, harnessing the power of silicon to be safe, robust, and scalable for mass production.
The company, headquartered in Alameda, California, replaces conventional graphite electrodes entirely with its proprietary silicon-dominant composite materials that enable high energy density and high cycle life, which translates to more powerful, longer-range and enduring sources of power for electric vehicles. These materials easily drop into existing Li-ion factories, making it possible to deploy efficiently and at scale.