Amperex, SDK, Cabot Corporation and BASF Venture Capital all invested, as the battery materials developer disclosed funding that will be used to beef up manufacturing.

US-based lithium-ion battery technology developer Group14 Technologies has secured $18m in funding from investors including Amperex Technologies, Showa Denko (SDK), Cabot Corporation and BASF.

Lithium-ion battery producer Amperex invested alongside chemical producers Cabot and BASF, the latter through its BASF Ventures unit, as well as advanced materials provider SDK and venture capital firm OVP Venture Partners.

Founded in 2015, Group14 produces materials intended to enhance the performance of lithium-ion batteries. It uses silicon and nanostructured porous carbon to create nano-scale…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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