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

Deals & Cases
May 5, 2022
Porsche AG Takes the Lead in Group14 Technologies' $400M Raise to Accelerate Global Production of Lithium-Silicon Battery Materials Background Image
Deals & Cases
May 5, 2022

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.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 13 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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Key Contacts

Partner
Dan Komarek