Group14 raises $169M, plans battery materials factory in Spain

Woodinville, Wash.-based Group14 Technologies raised $169 million from a European investor and will build a silicon-carbon anode materials plant in Sagunto, near Valencia, targeting production in mid-2029. The funding extends its $463 million Series D and brings total funding to $1.26 billion.

• New Sagunto, Spain plant targets production in mid-2029
• Group14's total funding now stands at $1.26 billion
• Moses Lake BAM-2 first module pushed to mid-2027
• BAM-3 in South Korea to reach 2,000-ton capacity in about six months