Group14 Technologies closes €150M Series D extension to fund BAM-4 manufacturing site in Spain and accelerate global production capacity.
Amount Raised
$169 Million
Round Type
Series D
Description
Group14 Technologies, a leading manufacturer of advanced silicon battery materials, announced the close of a €150 million (~$169 million USD) Series D equity extension. The funding from a new undisclosed investor brings the Series D round to over $665 million. The capital will fund BAM-4, Group14's third large-scale Battery Active Materials site in Sagunto, Spain, with an initial 10 GWh capacity. This expansion positions Group14 as the world's most geographically dispersed silicon battery material producer, with operational facilities in Korea, the US, and soon Spain.
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