Sila receives conditional loan offer of $1.4 billion from the US Defense Department
The announcement follows a recent $300 million equity fundraising round led by Sutter Hill Ventures and Atreides Management
Sila, a US battery technology company, said it has received a conditional loan commitment of up to $1.4 billion from the US Defense Department's Office of Strategic Capital (OSC) to expand battery materials production and develop a lithium-ion battery cell manufacturing facility in Washington state.
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