Battery materials developer Sila Nanotechnologies, co-founded by Georgia Tech professor Gleb Yushin, is preparing for commercialisation, after Daimler led a series E round.
Automotive manufacturer Daimler led a $170m series E round for US-based advanced battery materials developer Sila Nanotechnologies, co-founded by a Georgia Institute of Technology (Georgia Tech) researcher, today
The round included industrial technology and appliance producer Siemens’ Next47 unit as well as 8VC, Bessemer Venture Partners (BVP), Chengwei Capital, Matrix Partners and Sutter Hill Venture. 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 providing higher energy density.
The company was co-founded by Gleb Yushin, professor of materials science at Georgia Tech, who now serves as chief technology officer. Yushin co-founded Sila with Gene Berdichevsky and Alex Jacobs, two former engineers at electric carmaker Tesla.
Alex Nediger, director of cooperation and innovation management for Daimler, will join Sila Nano’s board of…
