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

**[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments

## Summary

Sila, the battery materials company behind Titan Silicon, has raised $300M in a private equity round led by Atreides Management and Sutter Hill Ventures. The funding will expand its Moses Lake, Washington silicon anode plant from Phase 1 (2 GWh capacity) toward an ambitious 250 GWh target over five years. Silicon anodes can store roughly 20% more energy by weight than conventional graphite anodes. The raise is framed around US supply chain sovereignty, as China controls over 90% of global anode material processing. Despite over $1B in total funding, Sila has only shipped its material in the WHOOP fitness band — no automotive batteries have shipped yet, though Mercedes-Benz's EQG is slated to be the first EV to use Titan Silicon.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://thenextweb.com/news/sila-raises-300m-to-fast-track-gigascale-anode-production-and-shore-up-us-battery-supply-chains>

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