BusinessPhoto: Mercom IndiaGroup14 Raises $169M for Battery Production Expansion
Group14 Technologies secured €150 million (~$169 million) in Series D funding to expand global manufacturing of silicon-anode battery materials. The company plans a 10 GWh facility, BAM-4, in Sagunto, Spain, increasing total capacity to 40 GWh across Spain, South Korea, and the U.S. CEO Rick Luebbe emphasized building production near battery manufacturing hubs to ensure secure supply chains and accelerate European growth.
Mercom India··Sagunto


