Ionblox, a next-gen EV battery startup that makes super-fast, powerful batteries for eVTOLs and electric cars, just announced a second close of its Series B round at an increased $32 million.
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Group14 Technologies, a manufacturer of silicon-carbon tech for lithium-silicon batteries, announced it has raised $400 million in a Series C funding round led by Porsche AG. Group14’s technology can help deliver better-performing cells compared to traditional lithium-ion batteries and will use the funds to begin building a second manufacturing facility on US soil to expedite tech to Porsche.
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In a recent press release, Group14 Technologies announced its first commercial-scale US manufacturing facility. The 27,000-square foot space in Woodinville, Washington, will help meet the growing demand for the manufacturer’s energy dense lithium-silicon anode materials.
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