Li-ion Battery Material Firm, Group 14 Technology Raises $18M
Amperex Technologies Limited (ATL), Cabot Corporation, OVP Venture Partners, Showa Denko (SDK), and BASF Venture Capital together have raised $18 million for Group 14 Technologies, a leading synthetic carbon technology in the globe. This amount will be used for the benefit of the latest advancement in the production of anode material and output in the commercial sector.
Group14 Technologies is a manufacturer of novel lithium-ion battery material that comprises the nano composition of silicon and carbon structure. This composition increases battery performance and is approximately 30% costly than the regular life cycle of a lithium-ion battery. The primary objective of the firm is to take the place of graphite in every existing battery with speedy performance and manufacturers’ standard derived values.
The leading producer and innovator of lithium-ion batteries Amperex Technologies Limited (ATL) is a Hong-Kong based company. It is famous for computers, cell phones, and electronics high tech batteries for a variety of devices.
Headquartered in Europe, BASF Venture Capital (BVC) is a corporate venture capital investment firm founded in 2001. Chemical products, innovation, and chemistry digital commercial models are its primary interests field of investment.
Boston’s Cabot Corporation, the global material company is working over 135 years on rubber and fumed metal oxides, conductive compounds, specialty carbons masterbatches, activated carbon, inks, inkjet colorants, and aerogel.
Showa Denko (SDK), a mining and metals company situated in Tokyo, manufactures synthetic graphite anode material and anode binder. The leading manufacturer also produces aluminum-laminate packaging material and Li-ion battery material.
These industry leaders experience the scalability, secure intellectual property position, and performance of the product led them to invest. In the market, there will be 25 times wider industry with the trillion-dollar battery only when we have fully electrified automotive sectors. For making a fully-electrified automotive industry sector, we need more significant leaders like Amperex Technologies Limited (ATL), Cabot Corporation, OVP Venture Partners, Showa Denko (SDK), and BASF Venture Capital, said Rick Luebbe, Co-Founder, and CEO of Group14 Technologies.