100 Million Dollars Investment in Lithium-Silicone Batteries from Porsche!

Porsche , one of the German-based automakers , has officially announced that it has participated in the C Series financing round for the United States (Washington)-based Group14 Technologies company, which specializes in lithium-silicon batteries. The total funding round began with Porsche investing $100 million towards its goal of becoming a global leader in the market for the most powerful battery cells and closed with $400 million.

Funds were raised to help the company build another factory in the United States to produce battery materials.


What is Lithium-Silicone battery?

The battery technology being developed by Group14 begins by replacing the anode material with silicon or a silicon-graphite mixture. This increases the battery density by up to 30 percent, giving an electric vehicle much greater range, while the new material significantly increases the charging speed.

This isn’t a very difficult lab-based experiment, either. The company was funded in 2015 and continues to develop the product since the current iteration is commercially available for direct replacement of existing anode materials.


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button