Coatue led a $590m Series F round in Sila Nanotechnologies.

Coatue led a $590m Series F round in Sila Nanotechnologies, a Silicon Valley battery materials company, with participation from T. Rowe Price, 8VC, Bessemer Venture Partners, Canada Pension Plan Investment Board, and Sutter Hill Ventures. "We believe Sila Nano has created a battery technology that is new, groundbreaking, and has a clear path to scale and broad adoption. We are excited about the Sila Nano team’s opportunity to take advantage of the existing global lithium-ion manufacturing infrastructure and help transform the future of energy storage. We look forward to our future partnership with Gene and his incredible team as they work to deliver on the potential to set a new standard for batteries," Jaimin Rangwalla, Coatue Management Senior Managing Director.