GM leads funding series for Silicon Valley battery materials company

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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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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GM Invests In AI And Battery Materials Innovator Mitra Chem

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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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GM Invests In AI And Battery Materials Innovator Mitra Chem

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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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GM Leads $60M Investment In AI And Battery Materials Innovator …

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Aug 16, 2023 · The automaker’s funding will help Mitra Chem scale its current operations and expedite their novel battery materials formulation to market. “This is a strategic investment that …

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GM Invests $60 Million In Battery Materials Company Mitra Chem

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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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General Motors Pours Millions Into California Battery Start

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Aug 17, 2023 · General Motors is leading a Series B funding round worth $60 million in Silicon Valley battery technology start-up Mitra Chem, the automaker said in a press release.

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GM Leads $60M Investment In Mitra Chem To Develop Low-cost EV …

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Aug 17, 2023 · Dive Brief: General Motors is leading a $60 million series B financing round in Mitra Chem, a Silicon Valley-based developer of iron-based cathode active materials used to …

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GM Invests $60 Million In California Battery Materials

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Aug 16, 2023 · DETROIT - 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. …

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GM Invests $60m In AI-powered Battery Trailblazer 'Mitra Chem ...

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Aug 22, 2023 · The Silicon Valley-based company’s mission is to develop and commercialise iron-based cathode materials for lithium-ion batteries, to drive mass-market electrification for EVs …

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GM Invests In AI And Battery Materials Innovator Mitra Chem

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Aug 17, 2023 · DETROIT – General Motors 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 …

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GM Leads $60 Million Funding Round In Battery Materials Startup …

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Aug 16, 2023 · GM is the primary automaker customer of Mitra Chem, which aims to reduce battery costs through the use of iron-based cathodes. ... General Motors led a $60 million …

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GM Backs EV Battery Startup As It Shifts Future Focus To Cheaper ...

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Aug 16, 2023 · GM will lead a $60 million investment in Mitra Chem, a two-year-old Mountain View, California, company that uses artificial intelligence to accelerate development of lithium …

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GM Invests In AI, Battery Materials Innovator Mitra Chem

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Aug 24, 2023 · General Motors 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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GM Invests In AI And Battery Materials Innovator Mitra Chem

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Aug 16, 2023 · 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. …

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FAQs about GM leads funding series for Silicon Valley battery materials company 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. ...

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. ...

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. ...

Will GM make EVs in North America?

GM has vowed to invest hundreds of millions of dollars to transition to EV production and erect massive battery manufacturing facilities in North America to support the growing number of EV models in its pipeline. ...

Will GM and Mitra Chem develop iron-based cathode materials?

Specifically, GM and Mitra Chem will develop iron-based cathode materials such as lithium manganese iron phosphate (LMFP) for batteries compatible with General Motors’ Ultium electric car platform. ...