Battery tech company Group14 raises $400M in funding led by Porsche, plans 2nd US plant
Group14 Technologies, a manufacturer of silicon-carbon tech for lithium-silicon batteries, announced it has raised $400 million in a Series C funding round led by Porsche AG. Group14’s technology can help deliver better-performing cells compared to traditional lithium-ion batteries and will use the funds to begin building a second manufacturing facility on US soil to expedite tech to Porsche.
Expand Expanding CloseGroup14 announces US manufacturing facility to produce lithium-silicon battery materials
In a recent press release, Group14 Technologies announced its first commercial-scale US manufacturing facility. The 27,000-square foot space in Woodinville, Washington, will help meet the growing demand for the manufacturer’s energy dense lithium-silicon anode materials.
Expand Expanding Close