Investment into silicon anode firms exceeds $1 billion outside China since 2024

Companies developing silicon-based anode technology have drawn more than USD $1.29 billion in ex-China investment since Benchmark began tracking new investments into the industry in 2024. Benchmark’s Energy Transition Capital Briefing database records 17 funding rounds from January 2024 to February 2026, ranging from seed funding rounds to large-scale equity funding rounds. It follows major earlier investments into silicon anode players, including $80m in UK-headquartered Nexeon in 2022.