Sila

Fortune's list of venture- and private-equity-backed startups using the profit motive to solve societal problems.

Impact-20-2023-Sila-Titan-Silicon

Sila Nanotechnologies claims to be the first company to successfully commercialize a silicon anode, replacing graphite as a key material in lithium-ion batteries. Compared to graphite anodes, Sila's Titan Silicon anode delivers up to a 40% boost in energy density and a 15% reduction in weight—which enables longer battery life and reduced charging time. Sila’s production process also reduces carbon emissions by up to 70% compared to graphite anodes—a key point at a time when the energy industry is trying to decarbonize its supply chain. 
 
&nbsp; 
 
Sila already powers consumer electronic devices like the WHOOP 4.0 fitness tracker. It now has set its sights on the auto industry. In May 2022, the company purchased a 600,000-square-foot manufacturing plant in Moses Lake, Wash., with enough production capacity to power 1 million EVs over the next five years. In the same month, Mercedez-Benz tapped Sila to power its G-Class SUV, beginning “mid-decade”—which could make it the first car ever to be powered by batteries with a silicon anode. 
 
&nbsp; 
 
Sila’s Series F round in January 2021 raised $590 million, valuing the company at $3.3 billion. Coatue led the round. 
 
&nbsp;

Impact 20

Get insights into Sila including business profile, stock information, news, and rankings from Fortune.

Sila

Sila in Fortune Rankings