GM Invests in AI and Battery Materials Innovator Mitra Chem

GM Invests in AI and Battery Materials Innovator Mitra Chem Mitra Chem’s proprietary AI platform expected to accelerate GM’s development of affordable batteries in the U.S.BackDETROIT – General Motors (NYSE: GM) is leading a $60 million Series B financing round in Mitra Chem, a Silicon Valley-based, AI-enabled battery materials innovator. GM’s funding will help Mitra Chem to scale its current operations and to expedite their novel battery materials formulation to market. “GM is accelerating larger investments in critical subdomains of battery technology, like cell chemistry, components and advanced cell production processes. Mitra Chem is building the first North American lithium-ion battery materials product company that shortens the lab-to-production timeline by over 90%. Cautionary Note on Forward-Looking Statements: This communication and related comments by management may include “forward-looking statements” within the meaning of the U.S. federal securities laws.