US: GM invests in battery start-up Sakti3

GM Ventures has invested US$3.2m in Sakti3 Inc in exchange for an undisclosed equity stake in the Michigan battery start-up company, reports Detroit News. GM has worked with Sakti3 on battery development since 2009, though it had not made an investment in the lithium-ion battery developer until now. Sakti3 is Subscribe to Automotive World to … Continued

• By Webmaster
• September 10, 2010