US Department of Defense offers Sila up to $1.4B conditional loan for cell manufacturing and expansion

Sila Nanotechnologies/Titan Silicon, Moses Lake

The US Department of Defense's Office of Strategic Capital offered Sila a conditional loan commitment of up to $1.4B to manufacture its own lithium-ion battery cells for the first time and support expansion of its Moses Lake facility. The funding is part of efforts to domesticate the US battery supply chain and reduce reliance on Chinese processing.