GM Invests in Forge Nano to Enhance EV Battery Performance
SHERIDAN, WYOMING – October 29, 2024 – SHERIDAN, WYOMING – October 29, 2024 – General Motors is investing $10 million in Forge Nano, Inc., a world-leading materials science company, to explore using cutting-edge technology to improve the performance of electric vehicle (EV) batteries.
GM Ventures, the automaker’s venture capital subsidiary, is making the investment. At the same time, GM and Forge Nano have entered a strategic partnership agreement to collaborate on new battery technologies.
“GM Ventures’ primary goal is to bring disruptive technology into the GM ecosystem to improve products and processes,” said Anirvan Coomer, managing director of GM Ventures. “Forge Nano’s Atomic Armor technology has game-changing potential for our battery materials. They have already demonstrated the ability to expand cathode capabilities, which is the most expensive battery cell component. This could unlock benefits for both customers and the business.”