Seattle-area startup Group14 raises $169M, plans battery materials factory in Spain
Group14 develops silicon-carbon materials to replace graphite in lithium-ion battery anodes for faster charging and higher energy density. The new facility in Sagunto, Spain, is targeted for mid-2029 production to serve automotive and data center markets.
Key points
- Raised $169 million in new funding
- Planning a new manufacturing facility in Sagunto, Spain
- Develops silicon-carbon materials for lithium-ion battery anodes
- Total funding has reached $1.26 billion
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