GM leads funding round in U.S.-based lithium extraction company …

2023-04-11. Technology. , EVs and batteries. Energy Exploration Technologies Inc. and General Motors today announced that GM Ventures is leading a $50 million Series B financing round in …

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GM Leads Funding Round In U.S.-based Lithium Extraction Company …

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2023-04-11. Technology. , EVs and batteries. Energy Exploration Technologies Inc. and General Motors today announced that GM Ventures is leading a $50 million Series B financing round in …

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GM Leads $50 Million Funding Round In EnergyX To Unlock U.S.

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Apr 11, 2023 · Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

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Apr 15, 2023 · GM has been working to increase its EV production capacity in recent years and has taken steps to secure all battery raw materials needed to support its goal. This agreement …

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GM Co-leads $39M Funding For EV Battery Materials Startup …

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Israeli battery technology company Addionics has successfully raised $39 million in a B Series funding round to further the commercialization of its innovative copper and aluminum …

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General Motors : GM Leads $50 Million Funding Round In EnergyX …

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Apr 11, 2023 · General Motors : GM Leads $50 Million Funding Round in EnergyX to Unlock U.S.-Based Lithium Supply for Rapidly Scaling EV Production ... (NYSE:GM) is a global company …

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Apr 11, 2023 · General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium …

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Apr 11, 2023 · This new round of financing, funded by GM and other investors, helps solidify EnergyX as one of the world leaders in DLE technology and will also enable the company to …

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Apr 11, 2023 · AUSTIN, Texas and DETROIT, April 11, 2023 /PRNewswire/ -- Energy Exploration Technologies Inc. ("EnergyX") and General Motors Co. (NYSE: GM) today announced that …

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Jul 25, 2024 · GM Ventures co-leads the B Series funding round with Israeli tech venture fund Deep Insight. Swedish truck maker Scania, owned by Volkswagen's Traton also participated in …

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GM Leads Funding Series For Silicon Valley Battery Materials Company

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Aug 16, 2023 · General Motors Co. said Wednesday it's leading a $60 million Series B financing round in Mitra Chem, a Silicon Valley-based lithium-ion battery materials product company. …

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Led By GM Ventures, Addionics Raises $39 Million Series B To …

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LONDON, July 25, 2024 /PRNewswire/ -- Addionics, a global leader in battery technology, announced its Series B funding round of $39 Million. The round was co-led by GM Ventures …

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GM Leads $50 Million Funding Round In EnergyX To Unlock U.S.

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Apr 11, 2023 · GM Leads $50 Million Funding Round in EnergyX to ... GM is investing in every stage of the battery supply chain in North America, from raw materials, to processing, to cell …

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FAQs about GM leads funding round in U.S.-based lithium extraction company … Coupon?

Is energyx a GM venture?

AUSTIN, Texas and DETROIT, April 11, 2023 /PRNewswire/ -- Energy Exploration Technologies Inc. ("EnergyX") and General Motors Co. (NYSE: GM) today announced that GM Ventures is leading a $50 million Series B financing round in EnergyX, and has entered into a strategic agreement to develop EnergyX's lithium extraction and refinery technology. ...

Who is involved in GM Ventures' B series funding round?

GM Ventures co-leads the B Series funding round with Israeli tech venture fund Deep Insight. Swedish truck maker Scania, owned by Volkswagen's (VOWG_p.DE) Traton (8TRA.DE) also participated in the investment round. ...

What does energyx do for GM EV batteries?

The collaboration is focused on unlocking the North American supply of lithium, a critical material for EV batteries, by using EnergyX’s innovative process to maximize efficiency while improving sustainability for GM’s rapidly scaling EV production. ...

What is energyx's partnership with GM?

The collaboration is focused on unlocking the North American supply of lithium, a critical material for EV batteries, by using EnergyX's innovative process to maximize efficiency while improving sustainability for GM's rapidly scaling EV production. ...

Why did GM invest in energyx?

"The investment in EnergyX is a further proof point of GM's leadership position. EnergyX is developing a novel direct lithium extraction process that's not only cost competitive but also will reduce energy, land and water usage as compared to the current extraction and processing process for brine-based lithium. ...

Will GM use LFP batteries?

The IRA provides incentives for battery materials, components, cells and packs that are sourced in North America. Golan said batteries made from iron-rich materials developed with Mitra Chem could appear in some GM vehicles in the second half of the decade. He said GM already uses LFP batteries in its electric vehicles in China. ...