GM backs EV battery startup as it shifts future focus to cheaper ...

Aug 16, 2023 · The new funding round for Mitra Chem “is a strategic investment that will further help reinforce GM’s efforts in EV batteries (and) accelerate our work on affordable battery …

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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 Is Investing In Battery Development Startup Mitra Chem - The …

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Aug 16, 2023 · GM is leading a $60 million round into California startup Mitra Chem to help the automaker transition its Ultium electric vehicle batteries to lower-cost LFP battery technology.

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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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Mitra Chem Announces First Close Of $60 Million Series B Round …

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Aug 16, 2023 · Mitra Chem is one of the only companies taking a multi-faceted approach by combining R&D, machine learning acceleration, and manufacturing to supply battery materials …

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General Motors Pours Millions Into California Battery Start-Up …

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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. ... said …

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GM Invests $60 Million In AI Battery Startup For Affordable EVs

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Aug 17, 2023 · To accelerate the commercialization of cheap electric vehicles (EVs) batteries, General Motors is investing $60 million into Mitra Chem. This Silicon Valley startup uses …

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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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FAQs about GM backs EV battery startup as it shifts future focus to cheaper ... Coupon?

Will GM invest $60 million in Mitra Chem?

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-ion battery materials. ...

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. ...

Could GM EVs benefit from Mitra Chem batteries?

Future low-cost GM EVs could benefit from the batteries being developed by Mitra Chem. General Motors said Wednesday it’s leading a $60 million financing round in Mitra Chem, a California-based startup working to develop lower-cost batteries for electric vehicles. ...

What is GM doing with Mitra Chem?

GM is leading a $60 million investment round in California startup Mitra Chem to speed up efforts to transition to more cost-effective battery chemistries like LFP. By Umar Shakir, a news writer fond of the electric vehicle lifestyle and things that plug in via USB-C. He spent over 15 years in IT support before joining The Verge. ...

Will Mitra Chem help GM bring new EV technology to market?

Gil Golan, a GM vice president charged with speeding up the process of bringing new EV technologies to market, said the auto giant is stepping up its focus on potential breakthroughs in battery technologies. “Mitra Chem’s labs, methods and talent will fit well with our own R&D team’s work,” Golan said. ...

Will Mitra Chem shape the future of battery energy storage?

The involvement of both financial and strategic investors underscores the industry's recognition of Mitra Chem's groundbreaking technology and its potential to shape the future of battery energy storage with a focus on US-based production. ...