The American automotive group General Motors insists on the issue of electricity by increasing the resources dedicated to this market segment. Startups also benefit from this commitment; one of these, Soelectdeals with batteries for electric vehicles, and has just received a real interest from GM.
The division of General Motors GM Ventures it is in fact among the investors of this US company that develops fast-charging lithium-metal batteries for electric vehicles. Soelect raised $ 11 million from GM Ventures, KTB Network and Lotte Ventures, a subsidiary of Korea’s Lotte Chemical. The North Carolina-based startup was founded in 2018 by Jin Cho, who has worked in the battery industry for 25 years, for example with LG, Samsung and Johnson Controls. As Reuters writes, citing Cho, Soelect already has more than twenty customers, mainly from the automotive industry.
Soelect considers lithium metal anodes as a key component in future battery systems. For its anode “LiX“, The company claims fast charging capabilities of up to 100% in just fifteen minutes. The company says its anode can be reused “without compromising the recycling process“. In addition, it is also examining polymer-based solid electrolyte membranes (SEMs) in parallel.
It is not news that the big car companies want to set foot in promising companies that deal with technologies and businesses similar to those of mobility. But never as today has there been such a lively race towards all startups able to have even a small patent different from the competition.
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