Group14 Technologies Receives $463M Funding from SK Inc. and Other Investors

Group14 Technologies has received $463 million in funding led by SK Inc., with participation from returning investors including Porsche Ventures and BlackRock. The company has raised over $1 billion in equity funding to date. The funding will support the company's expansion in the battery technology sector.

Group14 Technologies, a leading innovator in advanced silicon battery materials, has successfully closed a $463 million Series D funding round, led by SK Inc. with participation from returning investors including Porsche Ventures and BlackRock. The company has now raised over $1 billion in equity funding to support its expansion in the battery technology sector [1].

The funding will be used to continue scaling the manufacture of Group14's silicon battery material, SCC55, in the U.S. and South Korea, and to meet the surging demand for energy storage worldwide. The company also acquired full ownership of its joint venture with SK Inc., located in Sangju, South Korea, which produces SCC55 at EV scale to support the global battery manufacturing industry [1].

Group14's strategic location in South Korea allows it to deliver SCC55 to Asia's top battery manufacturers, strengthening the silicon battery supply chain worldwide. The company's third commercial battery active materials factory, BAM-3, began delivery of SCC55 to over 100 electric vehicle and consumer electronics battery manufacturing customers worldwide in September 2024 [1].

The funding round comes at a time when the U.S. Department of Energy (DOE) has announced four new funding initiatives totaling nearly $1 billion to expand domestic critical minerals production, processing, recycling, and supply chain resilience. The DOE's programs aim to support projects that process, recycle, or manufacture critical minerals and materials, including lithium, graphite, nickel, copper, aluminum, and rare earth elements [2].

Group14 Technologies is well-positioned to benefit from these initiatives, as its focus on silicon battery materials aligns with the DOE's priorities. The company's ability to secure significant funding and expand its operations demonstrates its commitment to driving innovation in the battery technology sector.

References:
[1] https://www.prnewswire.com/news-releases/group14-closes-us463m-series-d-funding-round-and-acquires-100-ownership-of-bam-factory-in-south-korea-from-sk-inc-302533912.html
[2] https://www.hklaw.com/en/insights/publications/2025/08/doe-announces-4-new-critical-minerals-funding-opportunities