California-based silicon anode material company Sila announced on June 27th that it has raised $375 million in Series G funding. This capital will ensure the completion of the company's silicon anode factory by the first quarter of 2025 and delivery to automotive customers by the fourth quarter of 2025.

According to the company, Titan Silicon, as a high-silicon anode, can replace most or all of the graphite anodes in lithium-ion batteries. The focus of this round of financing is to ensure mass production scale, so as to serve more customers in the future. Sila also plans to continue expanding the factory in the future, capable of supplying this battery material for up to 1 million vehicles.

Sila's co-founder and CEO, Gene Berdichevsky, stated that the world is transitioning to electric vehicles, and in addition to cost reduction, there is also a need for differentiated and diverse technologies. Enhancing battery energy density and fast charging performance has become an industry consensus. With Sila's silicon-based anode materials, automakers can launch the next generation of electric vehicles to better enhance the customer's electric experience.

Titan Silicon launched the first commercially viable next-generation silicon anode technology in 2021. Compared with the best-performing graphite batteries in the industry, the use of the company's silicon-based anodes can increase the battery capacity by 20-25%, significantly increasing the vehicle's range and reducing charging time. The company claims that future Titan Silicon silicon-based anode products will increase battery capacity by 40%, reduce charging time to under 10 minutes, and lower the cost per kilowatt-hour of the battery.