As battery startups fail, Sila snaps up $375M in new funding [TechCrunch]
FREYR Battery, Inc. (FREY)
Company Research
Source: TechCrunch
next-generation battery technology for customers like Mercedes-Benz and Panasonic by the end of 2025. Sila, formerly known as Sila Nanotechnologies, is slated to finish construction of its Moses Lake, Washington plant in the first quarter of next year, where the company will begin mass producing its branded Titan Silicon anode material. The all-equity Series G round – led by existing investors Sutter Hill Ventures with participation from Bessemer Venture Partners, Coatue, Perry Creek Capital and others – comes as other electric vehicle battery companies struggle to get products to market and stay afloat. Earlier this year, Ionic Materials shuttered its doors and Umicore slashed its guidance on a projected EV sales slump. Freyr Battery, a startup that joined the public markets in 2021 by merging with a special purpose acquisition company, has also failed to ramp up production for its next-gen battery. “It's obviously a very tough market out there for late stage growth, anything
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FREY
News
- The Future Of Smart Manufacturing Takes A New Turn With AI [Forbes]Forbes
- FREYR Battery Provides Operations Update [Yahoo! Finance]Yahoo! Finance
- FREYR Battery Provides Operations UpdateBusiness Wire
- Individual investors who have a significant stake must be disappointed along with institutions after FREYR Battery, Inc.'s (NYSE:FREY) market cap dropped by US$31m [Yahoo! Finance]Yahoo! Finance
- FREYR Battery Announces Leadership Changes to Support Strategic Focus on Accelerating Path to Profitability [Yahoo! Finance]Yahoo! Finance
FREY
Earnings
- 2/29/24 - Beat
FREY
Sec Filings
- 6/24/24 - Form 3
- 6/14/24 - Form 8-K
- 6/10/24 - Form DEFA14A
- FREY's page on the SEC website