GM Acquires Battery Software Startup ALGOLiON
The acquisition of ALGOLiON is part of GM’s strategy to accelerate its transition to an all-electric future
July 4, 2023
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
General Motors announced the acquisition of ALGOLiON, a company specializing in battery software for electric vehicles (EVs). The financial terms were not disclosed. The acquisition was led by the newly formed Technology Acceleration and Commercialization (TAC) organization, a group within GM that works to identify emerging technology that can support GM in battery development through investments, acquisitions, or partnerships.
