#USA #Woodinville #Group14 Technologies #battery materials #SCC55

Group14 Technologies Secures €150 Million Funding

Group14 Technologies, recognized as a leading global manufacturer of advanced silicon battery materials, recently announced the successful closure of an additional €150 million (approximately $169 million) in a Series D funding round. This strategic funding brings its total Series D financing to over $665 million, empowering the company to strengthen its industrial presence worldwide.

The latest investment is crucial for the establishment of the BAM-4 production facility in Sagunto, Spain, which is set to significantly increase Group14's manufacturing capabilities. The new site will begin operations at an initial capacity of 10 GWh, contributing to an overall production capacity that will reach 40 GWh in the near future. This expansion aligns with Group14's ongoing development of the BAM-3 facility in Sangju, South Korea, which is currently operational and undergoing further development, as well as the upcoming BAM-2 site in Moses Lake, Washington, expected to start production in the first half of 2027.

Since 2021, Group14 has also been running a pilot commercial facility in Woodinville, Washington (BAM-1), which has successfully delivered their flagship product, SCC55, to over 150 clients globally. The company has ambitious plans to scale up production capacity to hundreds of gigawatt-hours in the next decade, aiming to support the increasing demand for battery materials across various sectors.

By establishing its operational base in Spain, the second-largest automotive manufacturer in Europe, Group14 positions its battery materials strategically close to the supply chains of major European automotive suppliers. This expansion not only solidifies Group14's status as a leading producer of silicon battery materials worldwide but also acts as a bulwark against regional supply chain disruptions. It accelerates time-to-market and ensures local support for key partners in North America, Asia, and Europe, particularly in the automotive, technology, and manufacturing sectors.

The funding reinforces Group14's leadership in the silicon battery space, illustrating the company's commitment to expanding its global footprint and securing critical mineral supply chains for its clients. With a robust portfolio of over 200 global patents backing its innovations, Group14 continues to revolutionize battery performance with SCC55, offering enhanced energy density and faster charging speeds for all types of battery chemistries. This material has seen commercial success in diverse applications, including smartphones, drones, hypercars, and electric vertical takeoff and landing aircraft.

Rick Luebbe, CEO and co-founder of Group14 Technologies, emphasized the importance of being located where batteries are manufactured: "To truly transform the energy economy, battery material producers need to be where the batteries are made. Our expansion into Spain reflects our ambition to remain agile, build close to key customer hubs, and maintain secure, local supply chains. The launch of the BAM-4 site gives us the momentum needed to accelerate our growth in Europe while simultaneously propelling our global expansion in the U.S. and Asia."

This €150 million investment not only establishes Group14's foothold in Europe but serves as a broader strategic catalyst to propel the company’s global expansion. It aims to boost production capacity and meet the demands of major manufacturers in the automotive sector, consumer electronics, data centers, aerospace, and defense.

About Group14 Technologies

As the premier global manufacturer of advanced silicon battery materials, Group14 Technologies accelerates electrification across industries ranging from electric vehicles to consumer electronics and AI-driven technologies. With its flagship silicon-carbon material, SCC55, boasting higher energy density and faster charging rates, Group14 supports more than 95% of the world’s lithium-ion battery production. The company operates commercial-scale manufacturing facilities in the U.S., Europe, and Asia to facilitate the global transition to the era of silicon batteries.