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General Motors leads $139 million investment into lithium-metal battery developer, SES General Motors is joining the list of big automakers picking their horses in the race to develop better batteries for electric vehicles with its lead of a $139 million investment into the lithium-metal battery developer, SES. Volkswagen has QuantumScape; Ford has invested in SolidPower (along with Hyundai and BMW); and now with SES’ big backing from General Motors most of the big American and European automakers have placed their bets. “We are beyond R&D development,” said SES chief executive Hu Qicha...

By Reuters Staff (Adds details from the release, background) 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 ...

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...

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)...

Ties up with Applied Ventures to launch FTIX Programme