Lisa Stiffler of GeekWire reports that Group14 has raised $214 million.
- 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.
Read the full article here.