Telo raises $20 million to build tiny electric trucks for cities; also, Sila opens U.S. factory to make silicon anodes for energy dense EV batteries

The US loves trucks. So is the key to making them love electric trucks… a very small one? That’s the bet that California-based startup Telo has been making since its inception in 2022. The company has designed a bite-sized truck called the MT1 with an admittedly not-so-small starting price of around $41,000. Also, Sila, the battery materials startup, started operations Tuesday at its facility in Moses Lake, Washington, a milestone that could pave the way for longer range, faster charging EVs. The factory, which will initially be capable of making enough battery materials for 20,000 to 50,000 EVs, is the first large-scale silicon anode factory in the West, and future expansion could fulfill demand for as many as 2.5 million vehicles. Learn more about your ad choices. Visit podcastchoices.com/adchoices