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Sila Nanotechnologies Raises $70 Million To Begin Commercial Production Of Its Energy Dense Battery Material

Sila Nanotechnologies, which makes energy-dense materials for lithium batteries, announced Thursday that it's raised $70 million in order to move into commercial production.
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BMW wants to make EV batteries way better within 5 years

BMW is betting on a better battery. On Tuesday, the company announced it's teaming up with Bay Area-based Sila Nanotechnologies (known as Sila Nano), and promised electric vehicle (EV) battery improvements within five years. SEE ALSO: Your iPhone