WOODINVILLE, WA, Group14 Technologies announced that it has closed a $463M round led by SK.
Group14 Technologies announced that it has closed a $463M round led by SK, Inc., with strong participation of other existing investors, including Porsche Investments, ATL, OMERS, Decarbonization Partners, Lightrock Climate Impact Fund, Microsoft Climate Innovation Fund, and others. The funds will be used to continue scaling the manufacture of Group14's silicon battery material, SCC55, in the U.S. and South Korea, and help meet overwhelming demand amid surging requirements for energy storage worldwide.
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