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New Deal


Announced

Completed

General Motors led a $139m Series D funding round in SES.

Financials

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Transaction Value£99m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Acquisition

Completed

Private Equity

Private

Friendly

Electrical Components

batteries

Venture Capital

Minority

Cross Border

Synopsis

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General Motors led a $139m Series D funding round in SES, a developer and manufacturer of Li-Metal rechargeable batteries. The round was joined by SK, Temasek, Applied Ventures, Shanghai Auto and Vertex. "This new round of funding will help accelerate technology development, significantly expand our technical, business and manufacturing teams, and expedite the commercialization of Li-Metal batteries," Qichao Hu, SES Founder and CEO.

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