General Motors Acquires Battery Software Startup ALGOLiON

July 02, 2023

General Motors Acquires Battery Software Startup ALGOLiONBackDETROIT, HERZLIYA and REHOVOT, ISRAEL – General Motors Co. (NYSE: GM) announced today that it has acquired substantially all the assets of Israel-based battery software startup ALGOLiON Ltd. for an undisclosed sum. “ALGOLiON has developed cutting edge battery analytics and prediction software that will help General Motors deliver great performing EVs for our customers,” said Gil Golan, vice president, TAC. “The ALGOLiON team is excited to join GM on its track to an all-electric vehicle future,” said Fleischer. Cautionary Note on Forward-Looking Statements: This press release and related comments by management may include “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact and represent our current judgement about possible future events.

The source of this news is from General Motor

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