Group14 Technologies Revenue, Valuation, Funding & Investors

Group14 Technologies is valued at $5.1B as of August 2025.

Last Group14 Technologies valuation

$5.1B

Series D · Aug 2025

Last Group14 Technologies funding round

$463M

Series D · Aug 2025

Group14 Technologies revenue

$39M

Series C · Dec 2022

Key investors in Group14 Technologies

  • OMERS Ventures
  • Lightrock
  • Moore Strategic Ventures
  • Microsoft Climate Innovation Fund
  • Porsche
  • Decarbonization Partners

Group14 Technologies Overview

About Group14 Technologies

Group14 Technologies is a provider of silicon-based materials for lithium-ion batteries, headquartered in Woodinville, Washington. The company's SCC55 silicon-carbon composite replaces graphite anodes, boosting energy density by up to 50 percent and enabling faster charging in electric vehicles and consumer devices. Compatible with pouch, cylindrical, and prismatic cell formats, the material supports scalable manufacturing via proprietary silane gas processes. Group14 partners with battery makers to localize supply chains in North America and Europe.


Founded

2015

HQ

United StatesSeattle, WA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Revenue

$39M (Dec 2022)

Valuation

$5.1B (Aug 2025)

Group14 Technologies Valuation

Group14 Technologies is currently valued at $5.1B, based on its Series D in August 2025.

The $463M round was led by SK, with participation from Amperex Technology, Porsche, Microsoft Climate Innovation Fund, OMERS Ventures, Lightrock and 1 other investor.

Group14 Technologies' valuation has grown 1.7x from $3B at its Series C in May 2022 to $5.1B in August 2025, across 3 priced rounds.

Group14 Technologies valuation by funding round

Revenue multiple
Group14 Technologies valuation by funding round
DateStageValuationRevenue Multiple
Aug 2025Series D$5.1B-
Dec 2022Series C$3B76.9x
May 2022Series C$3B-

Group14 Technologies Revenue

Group14 Technologies' latest recorded revenue is $39M, as of its Series C in December 2022. At a $3B valuation, that implies a 76.9x revenue multiple.

Group14 Technologies revenue by funding round

Group14 Technologies revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Dec 2022$39M$3B76.9xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Group14 Technologies Funding History

Group14 Technologies has raised a total of $1.1B across 5 funding rounds.

Group14 Technologies' first fundraising round was a $18M Series A in August 2019. The most recent completed round was a $463M Series D in August 2025.

Group14 Technologies funding rounds

Group14 Technologies funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2025Series DSK (lead); Amperex Technology; Porsche; Microsoft Climate Innovation Fund; OMERS Ventures; Lightrock; Decarbonization Partners$463M$5.1BGroup14 Technologies, founded in 2015 and based in Woodinville, WA, develops advanced silicon battery materials, with its flagship product SCC55 designed to deliver higher energy density and faster charging for electric vehicles, consumer electronics, and AI-enabled technologies. The company operates commercial-scale factories in the U.S., South Korea, and is expanding in Germany with a silane gas facility. On August 20, 2025, Group14 closed a $463 million Series D funding round led by SK Inc., with participation from Porsche Investments, Amperex Technology Limited (ATL), OMERS Ventures, Decarbonization Partners, Lightrock Climate Impact Fund, Microsoft Climate Innovation Fund, and others, bringing total equity raised to over $1 billion. The funding will support scaling production of SCC55 across U.S. and South Korean facilities, including the BAM-3 factory in Sangju, South Korea, which began delivering product in September 2024 and serves over 100 customers worldwide, representing 95% of global lithium-ion battery production. Concurrently, Group14 acquired the remaining 75% stake in its joint venture with SK Inc., gaining full control of the South Korean BAM factory originally established in 2021. This move strengthens regional battery supply chains amid global trade uncertainties and surging demand for energy storage. Group14's silicon anode materials position it as a key player in the electrification transition, with facilities capable of EV-scale production. Investors' continued support, including from major battery manufacturers and climate-focused funds, signals confidence in silicon batteries' role in next-generation energy storage.
Dec 2022Series COman Investment Fund; Microsoft Climate Innovation Fund; Lightrock; Moore Strategic Ventures; E-One Moli Energy$214M$3BGroup14 Technologies is a Woodinville, Washington-based global manufacturer and supplier of advanced silicon battery technology and silicon-carbon battery materials. The company developed proprietary silicon-carbon composite anode materials (SCC55) designed to deliver higher energy density and faster charge rates compared to traditional lithium-ion batteries, with applications across electric vehicles, electronics, and energy storage. Group14's Series C funding round totaled $614 million, consisting of a $400 million first close announced in May 2022 led by Porsche AG and a $214 million second close announced December 14, 2022 that included Microsoft's Climate Innovation Fund, Lightrock Climate Impact Fund, Moore Strategic Ventures, Oman Investment Authority, and Molicel. The round valued the company at approximately $3 billion post-money. The funding was supplemented by a $100 million grant from the U.S. Department of Energy announced in October 2022 through the Bipartisan Infrastructure Law. Group14 launched its first Battery Active Materials factory (BAM-1) in Woodinville in April 2021 with a capacity of 120 tons annually of its SCC55 product. The Series C proceeds were directed toward building a second manufacturing facility (BAM-2) in Moses Lake, Washington, with plans for additional manufacturing capacity through a joint venture with South Korean conglomerate SK. The company had strategic backers including SK Materials (which led a $17 million Series B round in late 2020), as well as Showa Denko, Cabot, and BASF.
May 2022Series CPorsche (lead); Vsquared Ventures; Riverstone; OMERS Ventures; Moore Strategic Ventures; Decarbonization Partners$400M$3BGroup14 Technologies is a Woodinville, Washington-based manufacturer of silicon battery materials and components, specializing in silicon-carbon composite anode technology for lithium-ion and future solid-state batteries. The company's SCC55 flagship product delivers higher energy density and faster charging times compared to traditional graphite anodes, with applications validated in EV-scale batteries and extreme-fast charging. Group14 announced its Series C funding in May 2022, raising an initial $400 million led by strategic investor Porsche AG, with participation from OMERS Capital Markets, Decarbonization Partners, Riverstone Holdings, Vsquared Ventures, Moore Strategic Ventures, and other institutional investors. In December 2022, the company closed an additional $214 million tranche from Microsoft's Climate Innovation Fund, Lightrock Climate Impact Fund, Moore Strategic Ventures, Oman Investment Authority, and Molicel, bringing the total Series C round to $614 million at a $3 billion post-money valuation. The capital was earmarked for aggressive scaling of manufacturing capacity, including construction of a second commercial-scale BAM factory in the U.S. and completion of a joint venture factory in South Korea with SK Materials. Group14 supplies battery material to Porsche's battery subsidiary Cellforce Group, cementing the strategic relationship beyond capital investment. By March 2026, the company had raised over $1 billion across all equity rounds and maintained relationships with key strategic shareholders including Porsche Investments, BASF, Cabot Corp., Resonac, and SK Group subsidiaries alongside major financial investors like Microsoft Climate Innovation Fund and Lightrock.
Dec 2020Series BSK Materials (lead); OVP Venture Partners$17M-Group14 Technologies is a developer of silicon-carbon composite materials for lithium-ion batteries, focused on replacing conventional graphite anodes with its proprietary SCC55 material. The company's flagship product delivers up to 50% more energy density than conventional graphite while improving battery cycle life and stability. In December 2020, Group14 secured $17 million in Series B funding led by SK Materials, a major South Korean manufacturer of specialty and industrial gases, with participation from returning investor OVP Venture Partners. The capital was intended to scale production to meet growing demand for lithium-ion battery materials, particularly for electric vehicles and energy storage applications. By the time of the funding round, Group14 had already announced plans for a commercial-scale manufacturing facility in Washington state and later formed a joint venture with SK Materials in July 2021 to establish production capacity in South Korea.
Aug 2019Series AAmperex Technology; Showa Denko; OVP Venture Partners; Cabot; BASF Venture Capital$18M-Group14 Technologies is a Seattle-based developer of advanced battery materials founded in 2015, specializing in silicon-carbon composite anode materials for lithium-ion batteries. The company's flagship product, SCC55, combines nanostructured porous carbon with silicon to create a sponge-like structure that improves battery energy density by 50% compared to conventional graphite, with applications in electric vehicles, medical devices, aviation, and grid storage. In November 2019, Group14 secured $18 million in Series A funding led by Amperex Technologies Limited (ATL), with participation from Showa Denko, Cabot Corporation, BASF Venture Capital, and OVP Venture Partners. The capital was designated to scale manufacturing of its silicon-carbon composite anode material and advance it into commercial production. At the time of the funding announcement, the company had grown from five to 30 employees and was positioning itself for a Series C round in 2021. Group14's technology is designed for low-cost integration with existing lithium-ion production infrastructure, addressing the industry's push to reduce battery costs and accelerate electric vehicle adoption.

Who has invested in Group14 Technologies?

17 investors have backed Group14 Technologies across its funding rounds, including OMERS Ventures, Lightrock, Moore Strategic Ventures, Microsoft Climate Innovation Fund, Porsche and Decarbonization Partners.

Lead investors include SK, Porsche and SK Materials.


Group14 Technologies Investors

Investors in Group14 Technologies by funding rounds participated
InvestorHQRoundsRoleFirst check
Amperex TechnologyChinaNingde2ParticipantAug 2019
OVP Venture PartnersUnited StatesSeattle, WA2ParticipantAug 2019
PorscheGermanyStuttgart2LeadMay 2022
Microsoft Climate Innovation FundUnited StatesSeattle, WA2ParticipantDec 2022
OMERS VenturesCanadaToronto2ParticipantMay 2022
LightrockUnited KingdomLondon2ParticipantDec 2022
Moore Strategic VenturesUnited StatesNew York City, NY2ParticipantMay 2022
Decarbonization PartnersUnited StatesNew York City, NY2ParticipantMay 2022
Vsquared VenturesGermanyMunich1ParticipantMay 2022
Showa DenkoJapanTokyo1ParticipantAug 2019
Oman Investment FundOmanMuscat1ParticipantDec 2022
RiverstoneUnited StatesNew York City, NY1ParticipantMay 2022
SK MaterialsSouth KoreaSeoul1LeadDec 2020

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Acquisitions by Group14 Technologies

Group14 Technologies has acquired 1 company to date.

Last acquisition by Group14 Technologies was on July 24th 2023. Group14 Technologies acquired Schmid Silicon Technology for undisclosed valuation.


Latest Acquisitions by Group14 Technologies

Schmid Silicon Technology
Description
Schmid Silicon Technology is a manufacturer of silicon materials for photovoltaics and electric vehicles. The Augsburg, Germany-based company produces silane gas, float-zone polysilicon, electronic-grade polysilicon, and customizable silicon nanopowders.
HQ CountryGermany
HQ City
Freudenstadt
Deal Date24 Jul 2023
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Group14 Technologies Competitors

Group14 Technologies competitors include listed companies like Mitsui Chemicals, POCO Holdings Co., Materion and E Ink Hldgs, and private ones like StoreDot and Hithium Energy Storage.

Public and private companies comparable to Group14 Technologies
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
StoreDotIsraelHerzliyaPrivate--$1.5B-
Mitsui ChemicalsJapanJapanPublicly listed$11B$475M$5.2B0.9x
POCO Holdings Co.ChinaChinaPublicly listed$269M$92M$5B15.2x
MaterionUnited StatesUnited StatesPublicly listed$1.8B$181M$5.2B2.6x
E Ink HldgsTaiwanTaiwanPublicly listed$1.1B$430M$5.3B4.3x
Hithium Energy StorageChinaXiamenPrivate--$4.2B-

Group14 Technologies Public Comps

Group14 Technologies is still privately-owned, but its public comps include Enagas, POCO Holdings Co., Mitsui Chemicals, Aegis Logistics, Materion, E Ink Hldgs, Hengdian Group Dmegc, Ultra Pure Applied Materials, Epiworld International and Sunwoda Electronic Co.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Enagas$1.1B$843M6.6x7.2x8.7x9.8x
POCO Holdings Co.$269M$92M18.6x15.2x54.2x46.8x
Mitsui Chemicals$11B$475M0.9x0.9x20.2x7.5x
Aegis Logistics$864M$158M6.0x5.3x32.9x27.3x
Materion$1.8B$181M3.2x2.6x31.5x22.6x
E Ink Hldgs$1.1B$430M4.6x4.3x12.2x10.7x
Hengdian Group Dmegc$3.4B$479M1.2x1.1x8.4x8.6x
Ultra Pure Applied Materials$74M$34M72.8x-160.1x-

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Common questions about Group14 Technologies

When was Group14 Technologies founded?Group14 Technologies was founded in 2015.
Where is Group14 Technologies headquartered?Group14 Technologies is headquartered in Seattle, WA, United States.
Is Group14 Technologies publicly listed?No, Group14 Technologies is a private, VC-backed company.
What is Group14 Technologies' valuation?Group14 Technologies was last valued at $5.1B in its Series D in August 2025.
How much funding has Group14 Technologies raised?Group14 Technologies has raised $1.1B across 5 funding rounds.
What was Group14 Technologies' last funding round?Group14 Technologies' last funding round was a $463M Series D in August 2025, led by SK.
Who are Group14 Technologies' investors?Group14 Technologies' investors include Amperex Technology, OVP Venture Partners, Porsche, Microsoft Climate Innovation Fund, OMERS Ventures, Lightrock, Moore Strategic Ventures, Decarbonization Partners, Vsquared Ventures, Showa Denko and 7 others.
What is Group14 Technologies' revenue?Group14 Technologies' latest recorded revenue is $39M (December 2022).
What is Group14 Technologies' revenue multiple?Group14 Technologies' latest valuation implies a 76.9x revenue multiple ($3B valuation on $39M of revenue).
Which companies are comparable to Group14 Technologies?Companies comparable to Group14 Technologies include StoreDot, Mitsui Chemicals, POCO Holdings Co., Materion, E Ink Hldgs and Hithium Energy Storage.
How many companies has Group14 Technologies acquired?Group14 Technologies has acquired 1 company, including Schmid Silicon Technology.

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