Sila Named to Fast Company’s Annual List of the World’s Most Innovative Companies for 2022

Next-generation battery materials company joins the ranks of Canva, Microsoft, SpaceX, and more

ALAMEDA, Calif.--(BUSINESS WIRE)--Sila has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2022, earning the standing of #5 in the Consumer Electronics category.

Fast Company’s Most Innovative Companies list honors businesses that are making the biggest impact on their industries and culture as a whole—ultimately thriving in today’s ever-changing world. This year’s companies are creating the future today with some of the most inspiring accomplishments of the 21st century. In addition to the World's 50 Most Innovative Companies, 528 organizations are recognized across 52 categories.

“We are honored to have been recognized by Fast Company as a 2022 Most Innovative Company in the Consumer Electronics category,” said Gene Berdichevsky, Sila CEO and Co-Founder. “By delivering greater energy density in smaller batteries that last longer, our next-generation anode materials help companies reimagine what’s possible across their product lines. No longer forced to choose between better design, new features, and runtime, manufacturers can deliver market-winning products through enhanced battery performance and by doing so, help to drive the mission-critical transition our planet needs to a more sustainable future.”

After ten years and 55,000 iterations, Sila revolutionized the lithium-ion battery with their next-generation silicon anode material that can drop into existing battery cells to enable higher energy density, without compromising performance metrics and manufacturing processes. By focusing on materials that work and are scalable, Sila delivered the most significant breakthrough in battery chemistry in 30 years to reach the market, enabling better products today while working towards a sustainable tomorrow.

In September 2021, Sila became the first next-generation battery materials company to power an in-market product with the launch of WHOOP 4.0, one of the most advanced 24/7 health and fitness wearables. Powered with Sila science and leveraging other modest design improvements, WHOOP 4.0 benefited from a nearly 20% increase in energy density and a 33% reduction in device size. These benefits enabled a sleeker device with a five-day battery life and enhanced sensors that offer new features and more accurate measurements.

Now, Sila is preparing to ramp up production of their materials to power hundreds of millions of consumer devices and more than 1 million electric vehicles for automotive partners like Mercedes in the coming years.

Fast Company’s editors and writers sought out the most groundbreaking businesses across the globe and industries and judged nominations received through their application process to build out the World’s Most Innovative Companies list - the media brand’s signature franchise and one of the most highly anticipated editorial efforts of the year. The list provides a snapshot and road map for the future of innovation across various, dynamic sectors of the economy.

To learn more about Fast Company’s Most Innovative Companies list, visit FastCompany.com/Most-Innovative-Companies/2022.

ABOUT SILA

Founded in 2011, Sila is a next-generation battery materials company accelerating energy transformation for a more sustainable future. Sila is industrializing breakthrough science— utilizing their advanced silicon anode and other battery materials— to catalyze a new energy storage era that propels radical product innovation and alleviates the world’s dependence on fossil fuels. Through deep technical ambition, persistence, and purpose, the Sila team is delivering innovative technology to market today, moving us one step closer to the electrification of everything. Major investors include 8VC, Bessemer Venture Partners, Canada Pension Plan Investment Board, Coatue, Daimler, In-Q-Tel, Matrix Partners, Sutter Hill Ventures, and funds and accounts advised by T. Rowe Price Associates, Inc. For more information, visit www.silanano.com.

ABOUT FAST COMPANY

Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.