By Reuters Staff
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April 19 (Reuters) - SES said on Monday it had raised $139 million in a funding round led by General Motors, as the lithium metal battery startup benefits from rising demand for electric vehicles.
GM last month announced a partnership with SES to boost its battery development, allowing for higher electric vehicle driving range in a smaller package - a key goal for automakers as they push to roll out electric vehicles. (reut.rs/2P3UDn6)
“GM has been rapidly driving down battery cell costs and improving energy density, and our work with SES technology has incredible potential to deliver even better EV performance for customers who want more range at a lower cost,” GM executive vice president Matt Tsien said in a statement.
General Motors leads $139 million investment into lithium-metal battery developer, SES yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Startup Funding: March 2021
Self-driving vehicles revved up investors in March, with two companies receiving over $200M apiece as they prepare for their systems to enter mass production. One focuses on software for passenger vehicles, while the other is looking to autonomous trucks. Both of the companies received investment from automakers, with China’s largest carmaker SAIC joining each of the funding rounds. It was also a good month for startups making chips for AI acceleration, with four companies from seed to Series D stages raising funds. Plus, two companies are looking to shake up the memory and storage space with some unique solutions. This month, we take a look at 24 startups that collectively raised over $1.3B.
Indian VC firm Endiya Partners launches its first accelerator program
Photo: Pixabay
March 16, 2021
Venture capital firm, Endiya Partners has partnered with Applied Ventures, LLC, the venture arm of material engineering solution provider, Applied Materials, to launch its first accelerator program, Frontier-Tech Ignite (X) Program (FTIX).
Through the accelerator program, the venture capital firms aim to identify and mentor high-potential startups in the domains including software-as-a-service (SaaS), semiconductor; artificial intelligence, machine learning, blockchain; internet-of-things (IOT), as well as sensors and cybersecurity, while providing them access to international markets.
The FTIX selected cohort of five startups will have access to dedicated mentorship sessions with Endiya and Applied Ventures along with potential access to their network and portfolio companies. In addition, the selected startups will have the opportunity to demo and pitch for investments with Endiy