What is Group14?
Founded in 2015 and headquartered in Seattle, Washington, Group14 Technologies specializes in the development and manufacturing of advanced silicon-carbon composite materials. These materials are engineered to replace traditional graphite anodes in lithium-ion batteries, significantly increasing energy density and charging speeds. As the automotive industry pivots toward electrification, Group14's technology addresses the fundamental bottleneck of battery performance, positioning the company as a vital supplier in the global supply chain for electric vehicle manufacturers and energy storage providers.
How much funding has Group14 raised?
Group14 has raised a total of $1.2B across 7 funding rounds:
Series A
$18M
Other Financing Round
$18M
Debt
$150K
Series B
$17M
Grant
$100M
Series C
$614M
Series D
$463M
Series A (2019): $18M with participation from Cabot Corporation, Showa Denko, Amperex Technologies, BASF Venture Capital, and OVP Venture Partners
Other Financing Round (2019): $18M led by BASF Venture Capital, Amperex Technologies Limited, Showa Denko, Cabot Corporation, and OVP Venture Partners
Debt (2020): $150K supported by PPP
Series B (2020): $17M featuring OVP Venture Partners and SK Materials
Grant (2022): $100M backed by U.S. Department of Energy
Series C (2022): $614M with participation from Moore Strategic Ventures, Lightrock Climate Impact Fund, Porsche, Microsoft’s Climate Innovation Fund, and OMERS
Series D (2025): $463M led by OMERS, SK, Lightrock, Microsoft, ATL Technology, and Porsche Automotive Investment Gmbh, China Branches
Key Investors in Group14
OMERS
Founded in 1962, OMERS invests and administers pensions for members through originating and managing a diversified portfolio of investments in public markets, private equity, infrastructure and real estate.
SK
SK Group is a major South Korean conglomerate with extensive operations in energy, advanced materials, and electric vehicle battery technology through its various subsidiaries.
Lightrock
Lightrock is a global sustainable investment platform managing over $5.5 billion in assets, focusing on purpose-driven businesses that address significant global challenges.
What's next for Group14?
With the successful closure of its Series D round, Group14 is expected to focus on the rapid expansion of its domestic and international manufacturing footprint. The strategic involvement of major automotive and technology conglomerates suggests a roadmap centered on deep integration into existing battery supply chains. Future efforts will likely prioritize the optimization of production processes to achieve economies of scale, alongside continued research and development to further enhance the cycle life and safety profiles of their silicon-based anode materials. As the company transitions from a development-stage innovator to a large-scale industrial supplier, the focus will remain on maintaining its competitive edge in the rapidly evolving cleantech landscape.
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