Accelerating global production
A $463M Series D funding round brings Group14’s total equity raised to over $1B. Group14 also acquires 100% of the joint venture with SK, strengthening supply chains at the heart of the battery industry. The South Korea factory becomes BAM-3.
The silicon battery era begins
We began production at the joint venture factory with SK in South Korea and completed shipments of SCC55® to over 100 customers from this location. In addition, we landed an award negotiation of up to $200M from U.S. DOE for a silane factory in Moses Lake, securing domestic access to this critical raw material and alleviating a critical bottleneck for the industry. We also signed agreements with eight leading EV and CE cell manufacturers totaling over $750M, and hosted U.S. DOE and state representatives at BAM-2.
Expanding our manufacturing capabilities from North America to Europe
We broke ground on our second commercial factory, BAM-2, located in Moses Lake, WA. Beginning with two manufacturing modules, each capable of delivering up to 2,000 tons of SCC55® annually, BAM-2 is expected to create hundreds of jobs. We also acquired Schmid Silicon and its exceptional silane process expertise to expand our European manufacturing footprint and deliver the world’s best silicon battery materials.
Securing private and public sector support for our second US BAM factory
One of the largest climate tech rounds of the year, our $614 million Series C funding round was led by Porsche AG with participation from Decarbonization Partners, Microsoft Climate Innovation Fund and more. This was quickly followed by a $100 million grant from the U.S. Department of Energy, which accelerated the buildout of our second commercial US factory.
Kickstarting commercial manufacturing globally
We launched our first commercial Battery Active Materials factory (BAM-1) in Woodinville, WA, before announcing a joint venture with SK to build a BAM factory in South Korea. Within the year, we made significant progress in securing our capabilities to deliver silicon battery materials for global automotive and consumer electronics OEM customers.
Accelerating the path to our first BAM factory
We secured $17 million in Series B funding led by SK materials, one of the world’s top manufacturers of special and industrial gasses, along with participation from returning investor, OVP Venture Partners, which supported the launch of our first commercial factory in the US.
Growing with the support of key strategics in the battery industry
Led by Amperex Technologies Limited (ATL), with participation from BASF Venture Capital, Cabot Corporation, Showa Denko (now Resonac), and OVP Venture Partners, our $18 million Series A funding enabled us to scale SCC55® and launch our pilot factory.
Founded to electrify everything
Rick Luebbe and Dr. Rick Costantino launched Group14 after seeing the need for better energy storage solutions. To transform lithium-ion batteries into silicon batteries, Group14 developed its Applied Innovation methodology, a foundational framework with parallel approaches to material and manufacturing innovation. By doing so, Luebbe and Dr. Costantino ensured that SCC55® could be developed in a lab and scaled to reach global markets.
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Partnering with global leaders
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A community of curious people
We’re on a mission to redefine the future of rechargeable batteries, driven by a culture of passion, collaboration, tenacity, and integrity.