Group1 logo — Powering Batteries Beyond Lithium. Building on the Best of L...

Group1

Powering Batteries Beyond Lithium. Building on the Best of Lithium.

Founded 2021 United States Austin, United States 23 employees Grant Total: $5.85M Manufacturing, Energy Storage

General Information

Company Name Group1
Founded Year 2021
Location United States Austin, United States
Employees 23
Industries Manufacturing, Energy Storage
Funding Stage Grant
Social

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About Group1

Group1 is an engineered materials company launched in 2021, based in the United States, that focuses on the commercialization of Potassium-ion batteries. The company is a trailblazer in this field, as they are the first to enable high-power and long-cycling Potassium-ion batteries, addressing the evolving energy storage needs of society.

Founded by the co-inventor of the lithium-ion battery and 2019 Chemistry Nobel laureate UT-Austin Professor JB Goodenough, Group1 is built on a solid foundation of technological innovation. They have been recognized for their potential, being named as one of Austin Inno's 2023 Top 23 Companies to Watch and receiving the title of Rice Alliance New Energy Venture Day 2023 Most Promising Company.

Group1 has received a $275.00K grant investment on 02 January 2024 from the NSF Small Business Innovation Research / Small Business Technology Transfer (SBIR/STTR). Their groundbreaking work in Potassium-ion battery technology and engineered materials demonstrates their commitment to advancing energy storage capabilities beyond the conventional limits of Lithium-ion batteries.

By combining high-throughput synthesis and screening with machine learning-driven material informatics, Group1 aims to deliver world-class, commercial-scale materials. Their strategy not only expands beyond the limitations of Lithium-ion batteries but also builds on the best of Lithium-ion technologies, positioning them as a key player in the manufacturing and energy storage industries.

Taxonomy: Battery technology, Potassium-ion batteries, Lithium-ion batteries, Engineered materials, UT-Austin, Material informatics, High-power batteries, Long-cycling batteries, Commercial-scale materials, Machine learning, Energy storage, Innovation, Chemistry, Nobel laureate, Startup

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Grant $275.00K 1
NSF Small Business Innovation Research / Small Business Technology Transfer (SBIR/STTR)
02 Jan 2024
Seed Round $4.00M 5
Impatient Ventures, Valhalla Ventures +3
01 Sep 2023
Pre Seed Round $250.00K 1
Discovery to Impact
29 Aug 2023
Pre Seed Round $1.00M 2
Winklevoss Capital, ATP Fund
02 Aug 2022
Angel Round $325.00K 1
Alexander Girau
01 Sep 2021

Group1 Alternatives & Competitors

Group1 vs
Lionano
Lionano United States

Charging into the future

Venture round
4 employees
Manufacturing, Energy Storage
Group1 vs
Mitra Chem
Mitra Chem United States

New battery materials, brought to market faster and more economically.

52 employees
Energy, Manufacturing
Group1 vs
Eonix
Eonix United States

Reducing the Cost & Time to Develop Next Gen Energy Storage Materials

Grant
4 employees
Manufacturing, Energy Storage

FAQ About Group1

Powering Batteries Beyond Lithium. Building on the Best of Lithium.
Group1 was founded in 2021.
Group1 is headquartered in Austin, United States.
Group1 operates in Manufacturing and Energy Storage. Its work centres on Battery technology, Potassium-ion batteries, Lithium-ion batteries and Engineered materials.
Group1 has approximately 23 employees.
Group1 has completed 5 funding rounds, raising a total of $5.85M. The latest funding stage is Grant.
Top alternatives and competitors to Group1 include Lionano, Mitra Chem, Eonix, Microvast, Kureha Battery Materials Japan. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Group1 and Lionano are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Group1, https://bouncewatch.com/company/group1, updated 14 January 2025. When citing, please name BounceWatch and link this page.

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