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Seattle-area battery manufacturer Group14 lands $214M from Microsoft’s climate fund and others

Lisa Stiffler of GeekWire reports that Group14 has raised $214 million.

The C3 Take
  • Group14 Technologies has developed a silicon-carbon composite material that can replace the graphite anodes in lithium ion batteries.
  • According to Group14, this silicon-carbon material improves the performance of batteries by 50% and leads to faster recharging times.
  • In addition to the recent $214 million, the company raised $400 million in a Series C round in May and $100 million from the federal government in October.

“The company is part of a strengthening hub of battery innovation in the Pacific Northwest. That includes Alameda, Calif.-based Sila Nanotechnologies, which is also building a facility in Moses Lake to manufacture its silicon anode materials. Sila’s first commercial customer is Mercedes-Benz.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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