GM Invests in AI and Battery Materials Innovator Mitra Chem

General Motors (NYSE: GM) is leading a $60 million Series B financing round in Mitra Chem, a Silicon Valley-based, AI-enabled battery materials innovator. The company’s AI-powered …

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General Motors (NYSE: GM) is leading a $60 million Series B financing round in Mitra Chem, a Silicon Valley-based, AI-enabled battery materials innovator. The company’s AI-powered …

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Aug 16, 2023 · Mitra Chem’s proprietary AI platform expected to accelerate GM’s development of affordable batteries in the U.S. DETROIT – General Motors (NYSE: GM) is leading a $60 …

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Aug 16, 2023 · GM on Wednesday announced the stake in Mitra Chem, an AI-enabled battery materials innovation company. It is part of a Series B financing, which further establishes a …

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GM Invests In AI And Battery Materials Innovator Mitra Chem

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FAQs about GM Invests in AI and Battery Materials Innovator Mitra Chem Coupon?

Will Mitra Chem accelerate GM's development of affordable batteries?

Mitra Chem’s proprietary AI platform expected to accelerate GM’s development of affordable batteries in the U.S. DETROIT – General Motors (NYSE: GM) is leading a $60 million Series B financing round in Mitra Chem, a Silicon Valley-based, AI-enabled battery materials innovator. ...

Why is GM investing $60 million in Mitra Chem?

General Motors is investing $60 million in a Silicon Valley-based battery materials company to help GM bring more affordable electric vehicles to market faster. GM on Wednesday announced the stake in Mitra Chem, an AI-enabled battery materials innovation company. ...

Does GM own Mitra Chem?

GM on Wednesday announced the stake in Mitra Chem, an AI-enabled battery materials innovation company. It is part of a Series B financing, which further establishes a startup after it has obtained its first-round seed funds. ...

Why did GM invest 60 million in Series B?

The round will bring in 60 million US dollars for the California-based technology company, however, GM’s share remains open. What is clear, however, is that the US carmaker “led” the Series B round and wants to use the investment to accelerate the commercialisation of affordable batteries for its electric cars. ...

Could Mitra Chem be used in GM's next-generation ultium batteries?

Mitra Chem will help the automaker develop advanced iron-based cathode active materials such as lithium manganese iron phosphate (LMFP) that could be used in some of GM's next-generation Ultium batteries after 2025. ...

How will AI improve battery manufacturing?

According to GM, Mitra Chem’s R&D facility can “simulate, synthesize and test thousands of cathode designs monthly, ranging in size from grams to kilograms”. The AI-powered processes are expected to support significantly shorter learning cycles and thus shorter time-to-market for new battery cell formulas. ...