Group14 Technologies Secures $17 Million Series B to Scale Production of Lithium-Silicon Battery Technology

Dec 21, 2020•over 4 years ago

Amount Raised

$17 Million

Round Type

series b

Woodinville

Description

Group14 Technologies, a global provider of silicon-carbon composite materials for lithium-ion markets, today announced it has secured $17 million in Series B funding led by SK materials, one of the world's top manufacturers of special gases and industrial gases, with participation from returning investor OVP Venture Partners. Group14 will leverage this operating capital to scale production to meet the increasing demand for its flagship product SCC55™, which affords up to 50% more energy density than conventional graphite for lithium-ion batteries.

Company Information

Company

Group14 Technologies

Location

Woodinville, Washington, United States

About

Founded in 2015 to enable the coming electrification of everything, Group14's battery materials breakthrough brings new levels of energy performance to lithium-ion-powered devices and vehicles. Recognized by the Department of Energy for its novel, drop-in ready nanomaterials and reliable industrial-scale process, Group14 serves the global transition to an all-electric future with tunable performance for any use case. Company investors include Amperex Technology Limited (ATL), BASF, Cabot Corporation, OVP Venture Partners, Showa Denko and SK materials. Visit us at www.group14.technology.

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