Group14 (Deal)
Funding Details
Awarder
RSS - www.geekwire.com
Date Award
July 8, 2024
Vertical
Batteries
Funding URL
View Funding Page
Funding Amount
$300,000,000
Company Info
Founding Year
2020
Traction
Group14 and CustomCells have been partners since 2020, with CustomCells already producing prototype cells using SCC55 for testing with customers. Group14's upcoming manufacturing facility in Moses Lake is expected to open later this year, further solidifying their presence in the battery materials market.
Market
Electric Vehicles, Aviation, E-mobility
Location
Woodinville, WA, US
Company Description

Group14 is a next-gen battery materials manufacturer specializing in silicon anode products. Their product, SCC55, is being purchased by CustomCells, a German battery cell company, to enhance the performance of their battery cells for electric vehicles, aviation, and e-mobility. Group14 is based in Woodinville, WA, and is expanding its manufacturing facilities in Moses Lake, WA, and operates a joint factory in South Korea.

Links
Website
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