“It took eight years and 35,000 iterations to create a new battery chemistry, but that was just step one,” Sila Nano CEO and co-founder Gene Berdichevsky said in a statement.
Materials produced at the plant will be in electric vehicles by 2025, the company said. Sila Nano said it plans to start production at the factory in 2024. While the company hasn’t revealed the location of the factory, it does have a timeline.
Sila Nano plans to use the funds to hire another 100 people this year and begin to buildout a factory in North America capable of producing 100 gigawatt-hours of silicon-based anode material, which is used in batteries for the smartphone and automotive industries.
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