Microsoft Corp.’s $1 billion climate innovation fund is betting on a battery startup valued at more than $3 billion that is trying to dramatically improve power and charging time of electric vehicles.
Group14 Technologies is getting $214 million from investors—just a slice of billions in private and government cash going to make better batteries, which are essential for EVs and renewable energy, company officials said. Other investors include Oman’s sovereign-wealth fund and a climate fund backed by private-equity firm Lightrock. Microsoft declined to disclose the size of its investment.
