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Group14 raises $400M in Series C; Porsche leads with $100M

Green Car Congress

To deliver to customers including Porsche subsidiary Cellforce Group, Group14 plans to break ground on its second commercial-scale battery active materials (BAM) factory in the US to stay ahead of demand from markets reliant on high-performing batteries. As a result, Porsche has decided to partner with Group14 Technologies.

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Silicon battery technology company Group14 closes additional $214M for $614M Series C funding round

Green Car Congress

Group14 Technologies, a global manufacturer and supplier of advanced silicon battery technology, raised $214 million in additional financing from a consortium including Microsoft’s Climate Innovation Fund, Lightrock Climate Impact Fund, Moore Strategic Ventures, Oman Investment Authority, and Molicel.

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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

Plug-in models that will be fighting for market share include the BMW i8 and i3, the Audi e-tron, the Cadillac ELR, the Mercedes B-Class Electric Drive, and the Porsche Panamera S E-Hybrid. Germany, the United Kingdom, several Nordic countries, Japan, and South Korea are continuing to pursue their hydrogen infrastructure roadmaps.

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