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Microsoft Invests in battery production

Microsoft Corp.’s over $1 billion climate innovation fund is betting on a battery startup valued at more than $3 billion that is trying to dramatically improve power and charging time of electric vehicles

Group14 already received Gov;s 100$M grant to boost domestic production

Tweet on Microsoft & Group14 deal

Yahoo reporting on a deal

Group14 Technologies is getting $214 million from investors—just a slice of billions in private and government cash going to make better batteries, which are essential for EVs and renewable energy, company officials said.

Other investors include Oman’s sovereign-wealth fund and a climate fund backed by private-equity firm Lightrock. Microsoft declined to disclose the size of its investment.

  • Group14 also got a $100 million government grant to boost domestic battery production
  • Group14 says its silicon anode material is more efficient than existing graphite technology.

Group14 recently received a $100 million grant from the U.S. Energy Department through last year’s infrastructure bill. It raised $400 million earlier this year from investors including Porsche , Riverstone Holdings and a joint venture between BlackRock Inc. and Singapore state-owned investor Temasek Holdings Ltd. The latest funding round values Group14 above $3 billion.