Sila lands $1.4B Pentagon loan as militaries demand more batteries
Sila has landed a $1.4 billion loan from the U.S. Department of Defense to help the U.S.-based startup expand production of its silicon-carbon battery material. The loan, which was announced Friday, arrives as U.S. battery buyers, from automotive companies to defense contractors, struggle to procure battery materials that are made outside of China. Most of…
