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Group14 Technologies Secures $463 Million in Series D Funding to Accelerate Global Production of Silicon Battery Materials
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by Manny Larcher, Woodinville, WA – Group14 Technologies, a global leader in advanced silicon battery materials, today announced it has raised $463 million in Series D funding to expand production of its breakthrough material, SCC55®, in the United States and South Korea.
The round was led by SK, Inc., with participation from existing investors including Porsche Investments, ATL, OMERS, Decarbonization Partners, Lightrock Climate Impact Fund, Microsoft Climate Innovation Fund, and others.
“Scaling next-generation battery materials is critical to meeting global demand for electrification and energy storage,” said Rick Luebbe, CEO of Group14 Technologies. “This funding enables us to bring SCC55 to mass production and deliver the performance needed for everything from electric vehicles to AI-enabled technologies.”
Group14’s SCC55® material is engineered to deliver higher energy density and faster charging for any battery chemistry, unlocking superior performance for a wide range of applications.
The round was led by SK, Inc., with participation from existing investors including Porsche Investments, ATL, OMERS, Decarbonization Partners, Lightrock Climate Impact Fund, Microsoft Climate Innovation Fund, and others.
“Scaling next-generation battery materials is critical to meeting global demand for electrification and energy storage,” said Rick Luebbe, CEO of Group14 Technologies. “This funding enables us to bring SCC55 to mass production and deliver the performance needed for everything from electric vehicles to AI-enabled technologies.”
Group14’s SCC55® material is engineered to deliver higher energy density and faster charging for any battery chemistry, unlocking superior performance for a wide range of applications.
The company currently operates two Battery Active Material (BAM) factories in Washington state and is expanding internationally with a silane gas facility in Germany, which will provide a critical precursor for Europe’s energy storage supply chain.
With this latest round, Group14 has raised more than $1 billion in equity funding, solidifying its role as a driving force in the global transition to clean energy.
sources;
With this latest round, Group14 has raised more than $1 billion in equity funding, solidifying its role as a driving force in the global transition to clean energy.
sources;
- PR Newswire (Official Press Release) – Group14 Closes US$463M Series D Funding Round and Acquires 100% Ownership of BAM Factory in South Korea from SK, Inc. – detailing funding, investor roster, global expansion, and equity raised PR Newswire
- FinSMEs – Group14 Raises US$463M in Series D Funding – independent recap with matching details FinSMEs
- The EV Report – Group14 Secures $463M, Acquires SK Factory – offering additional business and strategic context The EV Report
- Axios Pro – Group14 raises $463M to control South Korean battery materials plant – highlighting broader industry relevance and outlook Axios
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