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Charged EVs | Group14 raises $400 million for silicon-carbon battery supplies manufacturing facility in US

Charged EVs | Group14 raises $400 million for silicon-carbon battery supplies manufacturing facility in US

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Silicon-carbon battery tech provider Group14 Applied sciences has raised $400 million in Collection C funding, which it plans to make use of to open its second battery lively supplies manufacturing facility within the US. The plant will produce the corporate’s proprietary SCC55 lithium-silicon battery materials for Porsche subsidiary Cellforce Group, which is able to use it to start producing battery cells in south Germany starting in 2024.

SCC55 is a silicon-carbon powder designed for anodes, and the corporate says it’s “able to turning any gigafactory right into a 1.5 GW facility in a single day.” The corporate additionally says its next-generation supplies “assist lithium-silicon batteries ship 50% larger efficiency than conventional lithium-ion batteries, eliminating vary and cost nervousness.”

Group14 has additionally damaged floor on a three way partnership manufacturing facility with SK Group in South Korea.

Supply: Group14 Applied sciences



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