Group14 Technologies, a Woodinville, WA-based manufacturer and supplier of advanced silicon battery technology, raised $214m in additional financing.
Backers included Microsoft’s Climate Innovation Fund, Lightrock Climate Impact Fund, Moore Strategic Ventures, Oman Investment Authority, and Molicel.
The Series C funding will be used to build the company’s second commercial-scale BAM-2 factory.
Led by Rick Luebbe, CEO & Co-Founder, Group14 is a commercial manufacturer and supplier of silicon battery technology which currently operates a commercial-scale Battery Active Materials factory in Woodinville, Washington, with two additional forthcoming factories: a joint venture factory with SK, Inc. in South Korea and a second U.S. factory. The company launched its first Battery Active Materials (BAM-1) factory in Woodinville, WA, in April 2021 with a nameplate capacity of 120 tons per year of SCC55™, its silicon-carbon battery technology.
FinSMEs
15/12/2022