Porsche led a $400m Series C funding round Group14 Technologies.

Porsche, a German automobile manufacturer, led a $400m Series C funding round Group14 Technologies, a manufacturer of advanced silicon-carbon technology, with participation from OMERS, Decarbonization Partners, Riverstone Holdings, Vsquared Ventures and Moore Strategic Ventures. "Despite all global challenges, we are driving forward on our future projects consistently including digitalization and electrification. Our investment in Group14 is an important step for Porsche's M&A activities. We have been actively investing in ambitious companies since 2016 and through our venture capital unit Porsche Ventures, we have gained a deep understanding of the venture capital world and are excited to lead this round," Lutz Meschke, Porsche Deputy Chairman and Member of the Executive Board of Finance and IT.