Sutter Hill Ventures and T. Rowe Price led a $375m Series G round in Sila.

Sutter Hill Ventures, a private equity firm, and T. Rowe Price, an investment management firm, led a $375m Series G round in Sila, a battery materials company, with participation from Bessemer Venture Partners, Coatue and Perry Creek Capital. “Our investors share the perspective that the world will transition to fully electric. Every automaker knows the future must be electric and realizes that the path to broader adoption isn’t through cost reduction alone. To transform the world and meet consumer expectations, the industry needs to take the next big step on battery performance and charging speeds. With Sila, automakers can deliver next-generation EVs that will win over those who expect more from their electric experience,” Gene Berdichevsky, Sila Co-founder and CEO.