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Washington Battery Tech Company Group14 Raises $400M in Funding Led by Porsche, Plans 2nd US Plant

04 May 2022 | Abstracted from Electrek

"Group14's technology can help deliver better-performing cells compared to traditional lithium-ion batteries and will use the funds to begin building a second manufacturing facility on US soil to expedite tech to Porsche.

"...the company has seen breakthroughs in battery materials, particularly silicon-carbon, which can deliver higher levels of energy density to lithium-ion-powered vehicles. 50% more compared to traditional lithium-ion batteries, according to Group14."



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