Business
Group14 Closes US$463M Series D Funding Round and Acquires 100% Ownership of BAM Factory in South Korea from SK, Inc.
Group14 Technologies today announced that it has closed a US$463M round led by SK, Inc., with strong participation of other existing investors, including Porsche Investments, ATL, OMERS, Decarbonization Partners, Lightrock Climate Impact Fund, Microsoft Climate Innovation Fund, and others. The funds will be used to continue scaling the manufacture of Group14's silicon battery material, SCC55, in the U.S. and South Korea, and help meet overwhelming demand amid surging requirements for energy stor
About this update from Sk Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"SK leads Series D to accelerate the scale and global delivery of SCC55®.","length":72,"tagName":"p"}]},{"val":[{"type":"text","content":"Group14 also acquires the 75% balance of the South Korea joint venture with SK, taking direct control over the manufacture of the company's silicon battery material in Asia.","length":182,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":254,"olType":false},{"type":"text","content":"WOODINVILLE, Wash., Aug. 20, 2025 /PRNewswire/ -- Group14 Technologies today announced that it has closed a US$463M round led by SK, Inc., with strong participation of other existing investors, including Porsche Investments, ATL, OMERS, Decarbonization Partners, Lightrock Climate Impact Fund, Microsoft Climate Innovation Fund, and others. The funds will be used to continue scaling the manufacture of Group14's silicon battery material, SCC55, in the U.S. and South Korea, and help meet overwhelming demand amid surging requirements for energy storage worldwide.","length":573,"tagName":"p"},{"type":"image","alt":"Group14’s BAM-3 factory in South Korea delivers SCC55® to Asia’s top battery manufacturers, strengthening the silicon battery supply chain worldwide","displaySize":"","headline":null,"caption":"Group14’s BAM-3 factory in South Korea delivers SCC55® to Asia’s top battery manufacturers, strengthening the silicon battery supply chain worldwide","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":225,"url":"https://media.zenfs.com/en/prnewswire.com/a41c84356ebba3cc57fa3e80d5861ec9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Z2d89zpX3WFMF4P2NIpaOw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/a41c84356ebba3cc57fa3e80d5861ec9","width":400,"height":225}}},{"type":"text","content":"In addition, Group14 obtained full ownership of its joint venture with SK Inc., located in Sangju, South Korea. Formed in 2021, the joint venture's battery active materials (BAM) factory produces Group14's flagship technology, SCC55, at EV scale to support the global battery manufacturing industry.","length":307,"tagName":"p"},{"type":"text","content":""This is a defining moment for Group14 and a clear signal that the future of high-performance energy storag...