GM Takes Stake in Battery Start-up Sakti3

GM’s venture capital arm made its second investment this week, this time in Michigan-based lithium-ion battery start-up Sakti3. Sakti3 received $3.2 million from GM’s venture capital unit and $1 million from Itochu Ventures of Tokyo, which bought minority stakes in the company. Sakti3 is developing next-generation lithium-ion batteries that are designed to be cheaper and […]