Battery startup Group14 Technologies raises USD14.3m to make materials for electric cars

Posted: August 14, 2019

 

US-startup Group 14 Technologies has raised USD14.3m to create materials for silicon-carbon anodes which store lithium in a charged battery. According to the company, silicon anodes improve the charge of new car batteries by approximately 40% in comparison with graphite anodes. The start-up is a spin-off of EnerG2, a manufacturer of carbon materials for energy storage. Group 14 was established with the assistance of an USD2.8m grant from the US Department of Energy (DOE) to further increase its manufacturing operation.

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