Sila Nano’s battery tech is now worth over $1 billion with Daimler partnership and $170 million investment

The company, which announced a $170 million funding led by Daimler and a partnership with the famed German automaker, started building out its first production lines for its battery materials last year. That first line is capable of producing the material to supply the equivalent of 50 megawatts of lithium-ion batteries, according to Sila Nano’s Chief Executive Officer Gene Berdichevsky.