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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.
GM has boosted its investment with Mitra Chem, a company focused on building batteries in the US using iron-based cathodes, with a new $60 million financing round..
General Motors said Wednesday it has completed $40 million of a $60 million investment in the start-up company Mitra Chem to develop and produce new iron-based EV battery technology.
GM is leading a $60 million funding round in Mitra Chem, a battery startup founded by Tesla and Toyota veterans that aims to make cheaper EV batteries.
/PRNewswire/ -- Mitra Future Technologies Inc. ("Mitra Chem"), a leading innovator in North American production of lithium-ion battery materials, today...