GM Ventures Invests $10M to Pursue Improved Batteries

GM Ventures – the venture capital arm of General Motors – is to invest $10 million ($AU15.1 million) in Forge Nano, a materials science company specialising in atomic layer deposition. The companies have also entered a strategic partnership agreement to collaborate on potential applications of the technology for GM batteries.

Atomic layer deposition is a surface engineering technique that applies thin-film coatings to battery materials to control chemistry and structure at atomic scale. Forge Nano will develop thin-film coatings for GM to pursue battery performance enhancements and cost reductions. Forge Nano will also build prototype lithium-ion battery cells to showcase the capabilities of its tech.

Source: Motor Trader e-Magazine (November 2024)

12 November 2024

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