Along with the acquisition of the equity stake Daimler will get a seat in the Board of Directors of Sila Nano.

Daimler AG has acquired a minority equity stake in U.S. battery material specialist Sila Nanotechnologies Inc. (Sila Nano) as part of its research and development activities. Founded in 2011, Sila Nano is a leading developer of new battery materials, which outperform existing lithium-ion technologies. With its latest developments the company sets a new standard for battery performance, harnessing the potential of silicon to enable safe, scalable, high-energy density batteries, which can unleash new possibilities in electrification from consumer devices to electric vehicles and beyond. 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 the latest round of financing, which was led by Daimler.

"We are on our way to a carbon free future mobility. While our all-new EQC model enters the markets this year we are already preparing the way for the next generation of powerful battery electric vehicles. Lithium-ion technology is currently the most efficient battery technology available, and still shows plenty of potential for the future. The advancements Sila Nano have made in battery performance are very promising. We are looking forward to a fruitful cooperation, pooling our know-how on further development and fast commercialization," said Sajjad Khan, Executive Vice President for Connected, Autonomous, Shared & Electric Mobility, Daimler AG.

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