GM Ventures invests in EV advanced battery startup Soelect


FILE PHOTO The new GM logo is seen on the facade of the General Motors headquarters in Detroit Michigan U.S. March 16 2021.REUTERSRebecca CookFile Photo

FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021.REUTERS/Rebecca Cook/File Photo

(Reuters) - General Motors Co is among the investors in a North Carolina startup developing fast-charging lithium-metal batteries for future electric vehicles, the companies said Thursday.

Two-year-old Soelect announced a Series A raise of $11 million from GM Ventures, KTB Network and Lotte Ventures, an affiliate of Korea's Lotte Chemical.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


All Headlines:

Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In