{"id":30760,"date":"2022-12-15T15:52:20","date_gmt":"2022-12-15T16:52:20","guid":{"rendered":"https:\/\/peymantaeidi.net\/stem-cell\/?p=30760"},"modified":"2022-12-15T17:43:32","modified_gmt":"2022-12-15T17:43:32","slug":"microsoft-bets-on-this-ev-battery-startup-as-backbone-of-energy-transition","status":"publish","type":"post","link":"https:\/\/peymantaeidi.net\/stem-cell\/2022\/12\/15\/microsoft-bets-on-this-ev-battery-startup-as-backbone-of-energy-transition\/","title":{"rendered":"Microsoft Bets On This EV Battery Startup As Backbone Of Energy Transition"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/peymantaeidi.net\/stem-cell\/wp-content\/uploads\/2022\/12\/group14-product-overlay_20210728022059_0.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<div class=\"ArticleBody__ArticleBodyDiv-sc-l6jpud-0 fZXicg article-content-body-only\" id=\"article-body\">\n<div>\n<div class=\"sc-ibkupM WIbiJ\">\n<ul class=\"core-block\">\n<li class=\"core-block\"><strong class=\"core-block\">Group14 Technologies<\/strong>, a global manufacturer and supplier of advanced silicon battery technology, raised $214 million in additional financing from a consortium including&nbsp;<strong class=\"core-block\">Microsoft Corp\u2019s<\/strong>&nbsp;<span class=\"ticker\" data-ticker=\"MSFT\" data-exchange=\"NASDAQ\">MSFT<\/span>&nbsp;<strong class=\"core-block\">Climate Innovation Fund<\/strong>,&nbsp;<strong class=\"core-block\">Lightrock Climate Impact Fund<\/strong>,&nbsp;<strong class=\"core-block\">Moore Strategic Ventures<\/strong>,&nbsp;<strong class=\"core-block\">Oman Investment Authority<\/strong>, and Molicel.&nbsp;<\/li>\n<li class=\"core-block\">The latest financing brings Group14\u2019s Series C round to $614&nbsp;<a class=\"editor-rtfLink\" href=\"https:\/\/group14.technology\/en\/news\/group14-closes-214m-from-microsoft-to-complete-614m-series-c-funding-round\" target=\"_blank\" rel=\"noopener\">million<\/a>.<\/li>\n<li class=\"core-block\">\u201c<a class=\"editor-rtfLink\" href=\"https:\/\/www.benzinga.com\/news\/22\/10\/29474976\/tesla-explored-procuring-stake-in-this-swiss-mining-company-to-secure-ev-battery-supply\" target=\"_blank\" rel=\"noopener\">Batteries are becoming<\/a>&nbsp;the backbone of the clean energy transition,\u201d said Brandon Middaugh, Director of Microsoft\u2019s Climate Innovation Fund.&nbsp;<\/li>\n<li class=\"core-block\">The&nbsp;<a class=\"editor-rtfLink\" href=\"https:\/\/www.benzinga.com\/news\/22\/10\/29197903\/stellantis-inks-deal-for-ev-battery-production\" target=\"_blank\" rel=\"noopener\">battery startup<\/a>, valued at over $3 billion, won a $100 million grant from the U.S. Energy Department through the 2021 infrastructure bill, the Wall Street Journal&nbsp;<a class=\"editor-rtfLink\" href=\"https:\/\/www.wsj.com\/articles\/microsoft-invests-in-silicon-battery-material-upstart-11670968175?mod=tech_lead_pos6\" target=\"_blank\" rel=\"noopener\">reports<\/a>.<\/li>\n<li class=\"core-block\">It raised $400 million earlier this year from investors including&nbsp;<strong class=\"core-block\">Porsche Automobile Holding SE<\/strong>&nbsp;<span class=\"ticker\" data-ticker=\"POAHY\" data-exchange=\"OTC\">POAHY<\/span>,&nbsp;<strong class=\"core-block\">Riverstone Holdings Ltd<\/strong>&nbsp;<span class=\"ticker\" data-ticker=\"REVSF\" data-exchange=\"OTC\">REVSF<\/span>, and a joint venture between&nbsp;<strong class=\"core-block\">BlackRock, Inc<\/strong>&nbsp;<span class=\"ticker\" data-ticker=\"BLK\" data-exchange=\"NYSE\">BLK<\/span> and Singapore state-owned investor&nbsp;<strong class=\"core-block\">Temasek Holdings Ltd<\/strong>.<\/li>\n<li class=\"core-block\">Group 14 says its silicon anode material is more efficient than existing graphite technology, potentially fueling more powerful batteries for automakers like Porsche.<\/li>\n<li class=\"core-block\">Group14 says its existing commercial factory in Washington led ahead of&nbsp;<strong class=\"core-block\">Sila Nanotechnologies Inc<\/strong>,&nbsp;<strong class=\"core-block\">Enovix Corp<\/strong>&nbsp;<span class=\"ticker\" data-ticker=\"ENVX\" data-exchange=\"NASDAQ\">ENVX<\/span>, and&nbsp;<strong class=\"core-block\">Amprius Technologies, Inc<\/strong>&nbsp;<span class=\"ticker\" data-ticker=\"AMPX\" data-exchange=\"NYSE\">AMPX<\/span>.<\/li>\n<li class=\"core-block\">Group14 plans to use the new funding to accelerate the development of a larger manufacturing facility in central Washington that will produce material for batteries capable of powering at least 100,000 electric cars.&nbsp;<\/li>\n<li class=\"core-block\">Group14\u2019s material can easily replace or work alongside graphite, allowing it to be integrated into the existing battery supply chain, which should help the company grow more quickly, Middaugh said.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"copyright\">\u00a9 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Group14 Technologies, a global manufacturer and supplier of advanced silicon battery technology, raised $214 million<\/p>\n","protected":false},"author":1,"featured_media":30762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/posts\/30760"}],"collection":[{"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/comments?post=30760"}],"version-history":[{"count":2,"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/posts\/30760\/revisions"}],"predecessor-version":[{"id":30763,"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/posts\/30760\/revisions\/30763"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/media\/30762"}],"wp:attachment":[{"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/media?parent=30760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/categories?post=30760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/tags?post=30760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}