{"id":5363,"date":"2025-08-21T00:00:06","date_gmt":"2025-08-21T00:00:06","guid":{"rendered":"https:\/\/jobuzo.com\/en\/group14-lands-463m-from-sk-porsche-and-others-to-make-silicon-anodes-for-evs\/"},"modified":"2025-08-21T00:00:06","modified_gmt":"2025-08-21T00:00:06","slug":"group14-lands-463m-from-sk-porsche-and-others-to-make-silicon-anodes-for-evs","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/group14-lands-463m-from-sk-porsche-and-others-to-make-silicon-anodes-for-evs\/","title":{"rendered":"Group14 lands $463M from SK, Porsche, and others to make silicon anodes for EVs"},"content":{"rendered":"<div>\n<div><\/div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">Battery materials startup Group14 announced Wednesday it has closed a $463 million funding round to expand its manufacturing footprint, a sign that investors remain confident in the future of electric vehicles.<\/p>\n<p class=\"wp-block-paragraph\">The startup manufactures silicon anode materials, which significantly boost the storage capacity of lithium-ion batteries. Group14 currently operates three factories, two in the U.S. and one in South Korea.<\/p>\n<p class=\"wp-block-paragraph\">Despite headlines about softening demand growth for electric vehicles, the global market for lithium-ion batteries remains strong. Over the next decade, it&rsquo;s expected to grow more than 15% annually, quintupling in size, according to Precedence Research. And automakers and investors are still in pursuit of companies working on technology that will make EVs more efficient and affordable.<\/p>\n<p class=\"wp-block-paragraph\">The round was led by battery manufacturer SK with participation from ATL, Lightrock, Microsoft, Porsche, and OMERS. Alongside the round, Group14 also announced it had &ldquo;acquired full ownership&rdquo; of a joint venture with SK in South Korea, which includes its BAM 3 factory. SK had owned 75% of the JV. When asked whether the value of the JV transaction was included in the Series D total, Group14 spokesperson Kristen Caron said the company was &ldquo;not disclosing any additional details about the round.&rdquo;<\/p>\n<p class=\"wp-block-paragraph\">Silicon has long been targeted as a potential replacement for graphite, today&rsquo;s go-to anode material, because it can hold up to 10 times more electrons. But with every charge and discharge, pure silicon anodes have a tendency to crumble as the material expands and contracts, something that graphite is more resistant to.<\/p>\n<p class=\"wp-block-paragraph\">Startups like Group14 and its competitor Sila have accommodated silicon&rsquo;s propensity to swell by creating structures that keep silicon in place without sacrificing the anode&rsquo;s overall integrity. Group14&rsquo;s material is a scaffold with internal voids that hold the silicon, giving it room to expand.&nbsp;<\/p>\n<div class=\"internal-linking-related-contents\"><a href=\"https:\/\/jobuzo.com\/en\/12-weeks-jail-for-school-it-support-technician-who-took-upskirt-videos-of-teachers\/\" class=\"template-1\"><span class=\"cta\">News :<\/span><span class=\"postTitle\">&lt;div&gt;12 weeks' jail for school IT support technician who took upskirt videos of teachers&lt;\/div&gt;<\/span><\/a><\/div><p class=\"wp-block-paragraph\">The material itself can be blended with graphite or replace it entirely. Many companies still opt for the latter because of graphite&rsquo;s inherent stability. But the more silicon used, the more energy a single cell can store. Group14 says its material can improve energy density by up to 50% and cut fast-charging times below 10 minutes.<\/p>\n<div class=\"wp-block-techcrunch-inline-cta\">\n<div class=\"inline-cta__wrapper\" readability=\"5.3\">\n<p>Techcrunch event<\/p>\n<div class=\"inline-cta__content\" readability=\"24.75\">\n<p>\n\t\t\t\t\t\t\t\t\t<span class=\"inline-cta__location\">San Francisco<\/span><br>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"inline-cta__separator\">|<\/span><br>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"inline-cta__date\">October 27-29, 2025<\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\"><em>We&rsquo;re always looking to evolve, and by providing some insight into your perspective and feedback into TechCrunch and our coverage and events, you can help us! Fill out&nbsp;<\/em><em>this survey<\/em><em>&nbsp;to let us know how we&rsquo;re doing and get the chance to win a prize in return!<\/em><\/p>\n<\/div>\n<p><sub>Group14 lands $463M from SK, Porsche, and others to make silicon anodes for EVs<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Battery materials startup Group14 announced Wednesday it has closed a $463 million funding round to expand its manufacturing footprint, a sign that investors remain confident in the future of electric vehicles. The startup manufactures silicon anode materials, which significantly boost the storage capacity of lithium-ion batteries. Group14 currently operates three factories, two in the U.S&#8230;.<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/jobuzo.com\/en\/group14-lands-463m-from-sk-porsche-and-others-to-make-silicon-anodes-for-evs\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;Group14 lands $463M from SK, Porsche, and others to make silicon anodes for EVs&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":5364,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/5363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/comments?post=5363"}],"version-history":[{"count":0,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/5363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media\/5364"}],"wp:attachment":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media?parent=5363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/categories?post=5363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/tags?post=5363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}