Group14 Technologies, a Seattle, WA-based startup that manufactures novel lithium-ion battery materials that boost battery performance, raised $18m in funding.

Backers included Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners.

The company intends to use the funds to scale up manufacturing of a next generation anode material and advance into commercial production.

Led by Henry “Rick” Costantino, Ph.D., Co-Founder and CTO, and Rick Luebbe, Co-Founder and CEO, Group14 Technologies manufactures novel lithium-ion battery materials that boost battery performance.

the company’s materials are designed for low cost and “drop in” compatibility with existing lithium-ion battery production. | To read full story, visit https://startuparound.com/read/1574634612.6029658/Group14-Technologies-Raises-$18M-in-Funding?ref=audio_experience