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.

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