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US: GM Ventures invests US$5m in Powermat

General Motors has announced that GM Ventures, the OEM's venture capital subsidiary, will invest US$5m in privately-owned Powermat, a pioneer in wireless charging technology, to accelerate the technology's development and support efforts to grow Powermat's business globally. Powermat allows users to enable electronic devices – including smart phones, MP3 players and Subscribe to Automotive World … Continued

General Motors has announced that GM Ventures, the OEM's venture capital subsidiary, will invest US$5m in privately-owned Powermat, a pioneer in wireless charging technology, to accelerate the technology's development and support efforts to grow Powermat's business globally.

Powermat allows users to enable electronic devices – including smart phones, MP3 players and

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https://www.automotiveworld.com/articles/85326-us-gm-ventures-invests-us-5m-in-powermat/

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