The widespread deployment of electric vehicles (EVs), as well as the growing requirements both from manufacturers and consumers, necessitate an increase in energy density with regard to current lithium-ion batteries (LIBs). In this regard, one of the most promising alternatives is the addition of silicon to conventional graphite anodes, thus giving rise to energy-dense LIBs. However, this entails a significant increment in modeling, parameterization and computational complexities due to the interactions between both negative electrode materials. In this article, we present a novel physics-informed equivalent circuit model for cells with blended electrodes, which is able to provide accurate results with respect to a state-of-the-art electrochemical model, not only for the output voltage (≤25 mV RMS), but also internal states, namely active material particle surface concentrations (≤1.2 %) and current distribution (≤2.6 %) at a much lower computational cost. Furthermore, this formulation also allows for a notable simplification of model parameterization. Hence, we describe thorough static and dynamic parameterization processes from half-cell experimental data and impedance measurements. Finally, we validate the proposed model in constant-current as well as dynamic operation, highlighting the influence that the choice of hysteresis model has on the latter. We understand that the presented model is an interesting alternative for the modeling of cells with blended electrodes, and is also suitable for its implementation in Battery Management Systems (BMSs) in EVs.