GM Invests in AI and Battery Materials Innovator Mitra Chem Mitra Chem’s proprietary AI platform expected to accelerate GM’s development of affordable batteries in the U.S. 2023-08-16 DETROIT – General Motors (NYSE: GM) is leading a $60 million Series B financing round in Mitra Chem, a Silicon Valley-based, AI-enabled battery materials innovator. The company’s AI-powered… Continue reading @GM: GM Invests in AI and Battery Materials Innovator Mitra Chem
Tag: Strategy
LexisNexis Insurance Demand Meter Registers as “Sizzling” for New Policies and “Hot” for U.S. Auto Insurance Shopping
Consumers look for – and find – cost savings on auto insurance policies in second quarter ATLANTA, Aug. 16, 2023 /PRNewswire/ — The latest edition of the LexisNexis® Risk Solutions Insurance Demand Meter reports the quarterly year-over-year U.S. auto insurance shopping growth was +5.2% in Q2 2023, as consumers continue to react to widespread rate increases… Continue reading LexisNexis Insurance Demand Meter Registers as “Sizzling” for New Policies and “Hot” for U.S. Auto Insurance Shopping
Servotronics, Inc. Names New Sales & Marketing Director
— Addition of seasoned aerospace industry leader brings increased focus on sales initiatives and alignment with long-term growth strategy — ELMA, N.Y., Aug. 16, 2023 /PRNewswire/ — Servotronics, Inc. (NYSE American – SVT), a designer and manufacturer of servo-control components and other advanced technology products, today announced that it has strengthened its sales and marketing… Continue reading Servotronics, Inc. Names New Sales & Marketing Director
GM invests big bucks in battery startup in a bet on new chemistry
General Motors (GM) looks to further commercialize its EV battery production and lower prices by investing in Mitra Chem – a startup described as an “AI-enabled battery materials innovator.” Today, GM announced it is the lead investor of a Series B funding round supporting the Silicon Valley-based battery company. GM has publicly embraced a full… Continue reading GM invests big bucks in battery startup in a bet on new chemistry
GM leads funding series for Silicon Valley battery materials company
General Motors Co. said Wednesday it’s leading a $60 million Series B financing round in Mitra Chem, a Silicon Valley-based lithium-ion battery materials product company. GM says Mitra Chem’s AI-powered platform and R&D center will help accelerate its commercialization of affordable EV batteries. And GM’s financial support for Mitra Chem will help the company scale… Continue reading GM leads funding series for Silicon Valley battery materials company
Stellantis to launch platform in Michigan for dealers to get 70% cheaper service parts
Troy — Starting in December, several Michigan dealers selling Chrysler, Dodge, Jeep and Ram vehicles will have greater access to parts up to 70% cheaper through a service Stellantis NV is launching in North America, an executive for the automaker said Tuesday. B-Parts is a part of Stellantis’ circular economy division that focuses on reusing,… Continue reading Stellantis to launch platform in Michigan for dealers to get 70% cheaper service parts
Assembly Ventures Announces Inaugural $76 Million Mobility Fund Focused on the Physical and Digital Movement of People, Goods, Data and Energy
Assembly Ventures has built the first transatlantic venture capital platform to invest in cutting-edge technologies in the mobility sector. Founded by trailblazers in the mobility sector with strong operational and investment credentials, this brings total assets under management on the platform to $94 million after closing. Substantial investment potential seen in mobility technologies is driven… Continue reading Assembly Ventures Announces Inaugural $76 Million Mobility Fund Focused on the Physical and Digital Movement of People, Goods, Data and Energy
EV Charge Anxiety: 67 percent of UK EV drivers prepared to pay to reserve a charging bay
A new report from SMS looks at the current experience of public EV charging and what needs to be done to get it ‘fit for the future’ LONDON, Aug. 16, 2023 /PRNewswire/ — UK public electric vehicle (EV) charging needs a major reboot if it’s going to be ‘fit for our EV future’, a new report… Continue reading EV Charge Anxiety: 67 percent of UK EV drivers prepared to pay to reserve a charging bay
FirstElement Fuel, the World-Leading Provider of Hydrogen Refueling Solutions, is Awarded $7.7 Million from the California Energy Commission to Scale up its Manufacturing Capacity
“The CEC is playing a huge role to transition the state of California, and the world, away from fossil fuels. It’s truly an honor to continue our partnership with the CEC to make zero emissions transportation a reality,” said Joel Ewanick, Founder and Chief Executive officer of FEF. FEF’s manufacturing facility in Santa Ana currently… Continue reading FirstElement Fuel, the World-Leading Provider of Hydrogen Refueling Solutions, is Awarded $7.7 Million from the California Energy Commission to Scale up its Manufacturing Capacity
ZEELO SECURES $14 MILLION IN SERIES A EXTENSION TO POWER US GROWTH AND NEW PRODUCT DEVELOPMENT
Total equity investment reaches $34 million as Zeelo gears up to serve new US enterprise clients and launch new transportation technology features for bus operators Three new venture capital firms from Europe and North America complete the round which was led by FlatzHoffmann with additional participation from existing firms ETF Partners, InMotion Ventures and angel… Continue reading ZEELO SECURES $14 MILLION IN SERIES A EXTENSION TO POWER US GROWTH AND NEW PRODUCT DEVELOPMENT