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GM Ventures invests in startup building fast charge-capable battery tech



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Soelect, a battery technology startup based in North Carolina, has closed an $11 million Series A round. It plans to use the fresh capital to scale its fast charge-capable anode technologies that might enable the next generation of batteries for electric vehicles.
Alongside lead investor Lotte Chemical and investment company KTB Network, General Motors’ corporate venture capital arm, GM Ventures, signed on as a strategic investor. GM Ventures tends to invest in companies that offer transportation safety or sustainability solutions that can then be implemented in future GM vehicles, manufacturing facilities and operating businesses, said GM spokesperson Mark Lubin.
“One of the competitive advantages of adding Soe …

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