GM invests in AI and battery materials company Mitra Chem; advanced iron-based CAMs
Green Car Congress
AUGUST 17, 2023
General Motors is leading a $60-million Series B financing round in Mitra Chem , a Silicon Valley-based, AI-enabled battery materials innovator. Iron-based cathodes are cheaper, cleaner, and safer than legacy battery technologies such as NMC and NCA that exist today, but are less energy-dense than Ni/Co-based ternary cathodes.
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