GeekWire: Seattle-Area Startup Group14 Raises $17M To Charge Up Battery-Enhancing Tech
Woodinville, Wash.-based Group14 Technologies has raised $17 million to expand development and sales of its silicon-carbon composite material that can replace the graphite anodes in lithium-ion batteries, dramatically improving their performance.
The new funding will allow the company to ramp up manufacturing at its pilot production facility and will help with next year’s groundbreaking of a large-scale plant in Moses Lake in Eastern Washington.