Automotive

Porsche Leads EV Battery Startup Investment

Group14— “How much are you willing to pay for dibs?” Porsche: “yes.”
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Porsche Leads EV Battery Startup Investment

EV Battery company Group14 has raised $400M from a group of investors led by Porsche. Group14's valuation is currently above $1B and will use the raised funds to construct a 2nd battery material factory in eastern Washington State. 

Something special. Group14's technology shifts focus from graphite to silicon-carbon. The resulting batteries match current battery ranges but cost less and reduce reliance on Chinese graphite.

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