Battery Company Sakti3 Receives $4.2 Million from General Motors Ventures and Itochu Technology Ventures

Sakti3, Inc., an Ann Arbor, Michigan-based developer of next-generation lithium-ion batteries, announced earlier this month that it received an investment of $4.2 million from General Motors Ventures and Itochu Technology Ventures to advance the firm’s manufacturing capabilities. The companies also plan to work together to speed commercialization of Sakti3 battery cells. These two investors join previous investors … Read more

Bright Automotive Is First Company to Receive Investment from General Motors Ventures

Today, Bright Automotive and General Motors (GM) announced that the companies had entered into a strategic partnership and that General Motors Ventures has provided funding to Bright Automotive.  This is the first investment made by GM Ventures, which was launched in June 2010 by GM with $100 million. The two companies signed a memorandum of understanding in … Read more