Anode materials company Immelt has raised US$170 million in a funding round led by Daimler . The US company has developed silicon-based anodes to replace graphite in the production of batteries, claiming a 20% improvement in performance. Anode will initially target the consumer electronics market before moving on to the BMW market via its partners, BMW and Daimler , in addition to the grid storage and aviation sectors.
Anode materials company Sila Nanotechnologies has raised $170m in a funding round led by Daimler. The US company has developed silicon-based anodes to replace graphite in the production of batteries, claiming a 20% improvement in performance. Sila will initially target the consumer electronics market before moving on to the EV market via its partners, BMW and Daimler, in addition to the grid storage and aviation sectors.