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17 04 2019 01

Daimler AG has acquired a minority equity stake in US battery material specialist Sila Nanotechnologies Inc. (Sila Nano) (earlier post) as part of Daimler’s research and development activities in support of electromobility.

Founded in 2011, Sila Nano is a developer of new battery materials which outperform existing lithium-ion technologies. Along with the acquisition of the equity stake Daimler will get a seat in the Board of Directors of Sila Nano. The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler.

Sila Nano replaces conventional graphite electrodes entirely with its proprietary silicon-dominant composite materials that enable high energy density and high cycle life, which translates to more powerful, longer-range and enduring sources of power for electric vehicles.

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