Group14 closes $463M Series D led by SK and takes full ownership of its Korean factory

Group14 Technologies/SCC55 and BAM factories

Group14 closed a $463 million Series D led by SK Inc. and acquired the remaining 75% stake of its South Korean silicon anode factory from SK, taking direct control of SCC55 production in Asia. The round included Porsche Investments, ATL, OMERS, Decarbonization Partners, Lightrock and Microsoft Climate Innovation Fund.

• Series D of $463 million led by SK Inc.; Group14 acquires 75% remaining stake, gaining 100% ownership of BAM factory in Sangju, South Korea.
• Factory supplies inert anode feedstock and supports scaling the SCC55 silicon anode material globally; originally a 2021 joint venture.
• Co-investors include Porsche Investments, ATL, OMERS, Decarbonization Partners, Lightrock Climate Impact Fund and Microsoft Climate Innovation Fund.