GM led the $60m Series B round in Mitra Future Technologies.

GM, a company that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, led the $60m Series B round in Mitra Future Technologies, a lithium-ion battery materials manufacturing company, with participation from Social Capital, Fontinalis Partners, Earthshot Ventures, The Keffi Group, Boutique Venture Partners, GS Futures, Bricks Capital Management, Zeon Ventures, Scribble VC, WovenEarth Ventures and Bonds Investment Group. "This is a strategic investment that will further help reinforce GM's efforts in EV batteries, accelerate our work on affordable battery chemistries like LMFP and support our efforts to build a North America-focused battery supply chain. GM is accelerating larger investments in critical subdomains of battery technology, like cell chemistry, components and advanced cell production processes. Mitra Chem's labs, tools and talent will fit well with our own R&D team's work," Gil Golan, GM Vice President of Technology Acceleration Commercialization.