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INDUSTRY FIRST

Group14 Closes An Additional $214M To Complete $614M Series C Funding Round

Dec 14, 2022•over 2 years ago

Amount Raised

$614 Million

Round Type

series c

Woodinville

Investors

Vsquared VenturesRiverstone Holdings LlcDecarbonization PartnersOmers Capital MarketsOman Investment AuthorityMoore Strategic VenturesMicrosoft Climate Innovation Fund

Description

Group14 Technologies, a global manufacturer and supplier of advanced silicon battery technology, today announced it has raised $214 million in additional financing from a consortium including Microsoft's Climate Innovation Fund, Lightrock Climate Impact Fund, Moore Strategic Ventures, Oman Investment Authority, and Molicel. The latest financing brings Group14's Series C round to a total of $614 million.

Company Information

Company

Group14 Technologies

Location

5809 238TH ST SE, SUITE 1

Woodinville, Washington, United States

About

Founded to enable the coming electrification of everything, Group14 is the leading commercial manufacturer and supplier of silicon battery technology to elevate the performance for all applications. Group14 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. To date, Group14 has raised $650 million in financing from notable investors and customers such as Porsche AG, Microsoft Climate Innovation Fund, OMERS Capital Markets, Decarbonization Partners, Amperex Technology Limited (ATL), BASF, Showa Denko and SK Inc. Visit us at www.group14.technology.

FundzWatch™ Score

Medium Activity

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