Next-generation battery materials startup Group14 Technologies today announced $169 million in new funding and plans to build a manufacturing facility in Spain, expanding a production network that includes Washington state and South Korea.

“In order to be a global player in a global industry, we need a global footprint, which means it’s not about picking one specific region and going all in,” Group14 CEO Rick Luebbe told GeekWire. “We really need to grow all regions.”

The startup has developed a silicon-carbon material that replaces graphite in lithium-ion battery anodes, enabling higher energy density and faster charging, according to the company. The material already ships primarily to consumer-electronics customers, while the company pursues automotive and data center applications, Luebbe said.

The funding came from a European investor, Luebbe said, but he did not name the firm. It extends the company’s $463 million Series D round and brings Group14’s total funding to nearly $1.5 billion.

The new facility will be located in Sagunto, near Valencia, with production targeted for mid-2029. Luebbe said the site offers clean energy, skilled labor from the chemical industry and proximity to automotive customers, given that Spain is the second-largest vehicle producer in Europe after Germany.

Group14 already has a presence on the continent, acquiring Germany’s Schmid Silicon Technology Holding GmbH in 2023 to secure a European source of silane gas, a key ingredient in its battery material.

S. has been working to bolster its domestic battery manufacturing and reduce its reliance on Chinese supplies, Europe is doing the same, Luebbe said.

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