Group14 Series C — lithium-silicon battery anode materials (50% higher performance than Li-ion)
Group14 Technologies Series C $400M led by Porsche ($100M). Lithium-silicon battery anode materials (50% higher performance than Li-ion). Plus $100M DOE BIL grant in 2022. Round expanded to $614M when Microsoft joined in 2023. Top 10 climate tech round of 2022.
$400M
Deal Value
Battery Storage
Technology
WA
Location
Deal Details
- Deal Type
- Strategic & Growth Capital
- Seller / Sponsor
- Group14 Technologies
- Buyer / Financier
- Porsche AG ($100M lead); OMERS Capital Markets, Decarbonization Partners (BlackRock+Temasek), Riverstone Holdings, Vsquared Ventures, Moore Strategic Ventures
- Deal Value
- $400M (later expanded to $614M with Microsoft)
- Stage
- Growth
- ISO/RTO
- WECC
- Source
- Group14 Technologies
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