Yaletown Partners is pleased to report that Group14 Technologies, one of its portfolio companies, has completed a $400M Series C financing, led by automotive manufacturer Porsche AG and joined by Decarbonization Partners, OMERS Capital Markets, among others. The company had previously raised capital from major strategic investors in the battery sector including SK Materials, Amperex, BASF, Cabot, and Showa Denko. Founded in Woodinville, Washington, in 2015, Group14's technology enables the transformational capabilities of silicon in both today's lithium-ion batteries and the next-generation solid state batteries of the future, delivering 50% higher performance. Group14's technology addresses a wide set of applications enabling the electrification of everything: from EVs to grid storage to electronics and beyond. The company is actively engaged with numerous automotive and battery manufacturers to accelerate the introduction of the company's materials into their commercial products over the coming 24 months. Yaletown wishes Group14 much success as they expand their production capabilities and accelerate market adoption. Yaletown continues to be supportive of the company through its current and future financing and strategic initiatives. Link to the press release: Porsche AG Takes the Lead in Group14 Technologies $400M Raise to Accelerate Global Production of Lithium-Silicon Battery Materials
