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Riverstone Holdings Invests in Group14 Technologies' $400M Raise to Accelerate Global Production of Lithium-Silicon Battery Materials

Porsche AG Takes the Lead in Group14 Technologies' $400M Raise to Accelerate Global Production of Lithium-Silicon Battery Materials Background Image

Vinson & Elkins advised an affiliate of Riverstone Holdings LLC in its investment in Group14 Technologies’ $400 million Series C funding round led by Porsche AG with additional participation from OMERS Capital Markets, Decarbonization Partners, Vsquared Ventures, Moore Strategic Ventures, and other large institutional investors.

Group14 plans to break ground on its second commercial-scale Battery Active Materials factory in the U.S. to stay ahead of demand from markets reliant on high-performing batteries.

The V&E team was led by Dan Komarek and Michael Gibson, with assistance from Jimmy Chalk and Katherine Coric.

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