Bucking EV slowdown, Sila raises $300M to expand battery materials factory

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Pipes transportation  gases astatine  Sila's Moses Lake factory.Image Credits:Sila

12:36 PM PDT · July 21, 2026

Battery materials startup Sila announced Tuesday that it raised $300 cardinal to grow its mill successful Washington State to nutrient capable anode worldly for much than 100,000 EVs.

Sila’s enlargement arrives arsenic electrical conveyance request successful the U.S. has softened successful the aftermath of the Trump administration’s efforts to hamstring the propulsion technology. While income remain depressed successful the U.S., down this twelvemonth comparative to 2025 erstwhile request spiked earlier the sunset of taxation credits, EVs are taking a bigger portion of the marketplace elsewhere. According to Benchmark Minerals Intelligence, planetary income are up 27% twelvemonth implicit year.

Sila antecedently announced deals to proviso its anode worldly to Mercedes and Panasonic. It besides sells to user electronics companies specified arsenic Whoop arsenic good arsenic drone manufacturers, and outer companies.

Most lithium-ion batteries contiguous utilizing graphite anodes, and Chinese companies power astir three-quarters of the proviso chain, according to Benchmark Minerals Intelligence. That has spurred automakers extracurricular of China to hunt for alternatives that aren’t taxable to tariffs.

Sila’s anode worldly is 1 of the fewer alternatives that’s disposable successful capable quantity.

In summation to being an alternate to Chinese graphite, Sila’s anode worldly tin store up to 40% much vigor than accepted graphite anodes. It tin besides complaint faster. Sila has been processing the worldly for the past 15 years. Its laminitis and CEO, Gene Berdichevsky, antecedently worked astatine Tesla, wherever helium was the seventh employee.

The startup began accumulation astatine its Moses Lake, Washington works in September. The mill is susceptible of making up to 2 gigawatt-hours of silicon-carbon anode material. The enlargement volition let the works to nutrient tens of gigawatt-hours per year, capable to powerfulness much than 100,000 EVs.

While EVs are the biggest idiosyncratic of lithium-ion batteries, vigor retention systems person been taking a bigger portion of the marketplace arsenic request for energy grows. AI information centers person go a large buyers of grid-scale batteries. The packs tin service arsenic backup powerfulness sources, assistance trim highest request charges, and let for around-the-clock usage of star and upwind power.

The caller circular was led by Atreides Management and Sutter Hill Ventures with information from 8VC, Bessemer Venture Partners, Matrix Partners, and funds and accounts advised by T. Rowe Price Associates Inc. Sila antecedently raised astir $1.3 cardinal crossed erstwhile rounds, according to PitchBook.

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Tim De Chant is simply a elder clime newsman astatine TechCrunch. He has written for a wide scope of publications, including Wired magazine, the Chicago Tribune, Ars Technica, The Wire China, and NOVA Next, wherever helium was founding editor.

De Chant is besides a lecturer successful MIT’s Graduate Program successful Science Writing, and helium was awarded a Knight Science Journalism Fellowship astatine MIT successful 2018, during which clip helium studied clime technologies and explored caller concern models for journalism. He received his PhD successful biology science, policy, and absorption from the University of California, Berkeley, and his BA grade successful biology studies, English, and biology from St. Olaf College.

You tin interaction oregon verify outreach from Tim by emailing tim.dechant@techcrunch.com.

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