Group14 Technologies raised $463 million in funding led by SK, aiming to scale up production of its silicon-based battery material. The startup acquired full ownership of its manufacturing operations in South Korea. Demand for electric vehicles and advanced technologies is driving investor interest in battery materials. Group14’s latest funding round brings its total equity raised to over $1 billion. Existing investors like Porsche, ATL, and Microsoft also participated. The company’s BAM factory in South Korea produces its SCC55 material at EV scale, strengthening regional battery supply chains. CEO Rick Luebbe aims to protect customers from global trade uncertainty.

Read more at Yahoo Finance: Porsche-backed Group14 closes new funding, takes control of JV’s battery material plant