{"id":8160,"date":"2023-08-16T19:55:16","date_gmt":"2023-08-17T02:55:16","guid":{"rendered":"https:\/\/evhnews.com\/?p=8160"},"modified":"2023-08-16T19:55:16","modified_gmt":"2023-08-17T02:55:16","slug":"gm-invests-in-ai-and-battery-materials-innovator-mitra-chem","status":"publish","type":"post","link":"https:\/\/evhnews.com\/en\/2023\/08\/16\/gm-invests-in-ai-and-battery-materials-innovator-mitra-chem\/","title":{"rendered":"GM Invests in AI and Battery Materials Innovator Mitra Chem"},"content":{"rendered":"

Mitra Chem\u2019s proprietary AI platform expected to accelerate GM\u2019s development of affordable batteries in the U.S.<\/strong><\/p>\n

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. The company\u2019s AI-powered platform and advanced research and development facility in Mountain View, California, will help accelerate GM\u2019s commercialization of affordable electric vehicle batteries.<\/p>\n

GM and Mitra Chem will develop advanced iron-based cathode active materials (CAM), like lithium manganese iron phosphate (LMFP), to power affordable and accessible EV batteries compatible with GM\u2019s EV propulsion architecture, the Ultium Platform. GM\u2019s funding will help Mitra Chem to scale its current operations and to expedite their novel battery materials formulation to market.<\/p>\n

\"\"Image Credit: GM<\/em><\/h6>\n

 <\/p>\n

\u201cThis is a strategic investment that will further help reinforce GM\u2019s efforts in EV batteries, accelerate our work on affordable battery chemistries like LMFP and support our efforts to build a U.S.-focused battery supply chain,\u201d said Gil Golan, GM vice president, Technology Acceleration and Commercialization. \u201cGM is accelerating larger investments in critical subdomains of battery technology, like cell chemistry, components and advanced cell production processes. Mitra Chem\u2019s labs, methods and talent will fit well with our own R&D team\u2019s work.\u201d<\/p>\n

Mitra Chem\u2019s battery R&D facility can simulate, synthesize and test thousands of cathode designs monthly, ranging in size from grams to kilograms. These processes drive significantly shortened learning cycles, enabling shorter time to market for new battery cell formulas.<\/p>\n

An \u201catoms-to-tons acceleration platform\u201d powers Mitra Chem\u2019s lab, using simulations and physics-informed machine learning models to accelerate formulation discovery, cathode synthesis optimization, cell-lifetime evaluation and process scale-up. The in-house cloud platform, purpose-built for battery cathode development, automates data ingestion across diverse synthesis, material characterization, cell prototyping, and standardized analyses and visualizations.<\/p>\n

\u201cGM\u2019s investment in Mitra Chem will not only help us develop affordable battery chemistries for use in GM vehicles, but also will fuel our mission to develop, deploy and commercialize U.S. made, iron-based cathode materials that can power EVs, grid-scale electrified energy storage and beyond,\u201d said Mitra Chem CEO and Co-Founder Vivas Kumar.<\/p>\n

Cautionary Note on Forward-Looking Statements:\u00a0<\/strong>This communication and related comments by management may include \u201cforward-looking statements\u201d 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. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgements are reasonable, but these statements are not guarantees of any future events or financial results, and our actual results may differ materially due to a variety of important factors, many of which are described in our most recent Annual Report on Form 10-K and our other filings with the U.S. Securities and Exchange Commission. We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law.<\/p>\n

…notes from SP
\n\"\"<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Mitra Chem\u2019s proprietary AI platform expected to accelerate GM\u2019s development of affordable batteries in 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