Group14 Technologies Raises $18 Million

Source: Green Car Congress, November 25, 2019.

Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners. The new funds will be used to scale-up manufacturing of a next-generation silicon-carbon composite anode material and advance into commercial production.

Group14 Technologies—a 2016 spin-off from EnerG2—derives its name from the Periodic Table column listing both silicon and carbon (the carbon group). Group 14 also includes germanium, tin, and lead.

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