General Motors Funds Israeli EV Battery Tech Firm Addionics
Israel-based battery tech company Addionics raised $39 million in a Series B round, co-led by GM Ventures and Deep Insight. The investment, which includes Scania, will boost manufacturing capabilities and support the construction of a U.S. giga-factory for Addionics' 3D Current Collectors, enhancing battery performance with better heat dissipation and faster charging.
read more