Basic Motors (GM) introduced a $10 million funding for battery growth. The corporate’s enterprise capital arm, GM Ventures LLC, is investing $10 million in Forge Nano, a supplies science firm.
Forge Nano focuses on atomic layer deposition (ALD) options, a technique used to coat lithium-ion batteries. The corporate developed its Atomic Armor know-how to “engineer the floor of uncooked supplies atom-by-atom, strengthening their properties and bettering product efficiency.”
With its Atomic Armor know-how, Forge Nano hopes to develop thin-film coatings so Basic Motors can improve its battery’s efficiency whereas decreasing prices. The supplies science firm goals to construct a prototype lithium-ion cell at its Thornton, Colorado headquarters to showcase the capabilities of its know-how.
“GM Ventures’ major purpose is to deliver disruptive know-how into the GM ecosystem to enhance merchandise and processes,” mentioned Anirvan Coomer, managing director of GM Ventures. “Forge Nano’s Atomic Armor know-how has game-changing potential for our battery supplies. They’ve already demonstrated the flexibility to increase cathode capabilities, which is the costliest battery cell part. This might unlock advantages for each clients and the enterprise.”
Basic Motors has been growing its EV battery provide by increasing its partnerships with corporations worldwide. As an example, GM is reportedly utilizing LFP (lithium-iron-phosphate) batteries constructed from CATL know-how to decrease prices and enhance efficiency in its electrical autos (EVs).
Earlier this month, throughout its Investor Occasion, GM introduced it could now not use the “Ultium” identify for its EV structure, battery, cells, and EV elements. The legacy automaker will proceed to develop all of the applied sciences above, however they won’t use the “Ultium” label.
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