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GM Ventures Makes Strategic Investment in Envia Systems

DETROIT Jan. 26, 2011

  • $17 million
  • Early testing of Envia’s composite cathode material shows improvement in energy density of lithium-ion cells by up to one-third for more capable and affordable electrically driven vehicles of the future

$7 million Newark, Calif.

Jon Lauckner

Asahi Glass $17 million

Atul Kapadia

"We believe our battery materials have taken the technology lead that will help lower price points and unlock the market potential for our customers," Kapadia said.  "With our technology and products, we believe that Envia is best-positioned to win a significant portion of this very large battery materials market."

Envia’s advanced cathode technology uses inexpensive materials that store more energy per unit of mass than current cathode materials.  Since the cathode is a key driver for the overall battery cost, the more energy the cathode delivers, the lower the battery cost because fewer cells are needed.

Micky Bly

Steven Chu

About General Motors Detroit China the United States Brazil United Kingdom Germany Canada Italy Russia Mexico Uzbekistan July 10, 2009 www.gm.com

About Envia Systems: Newark, California www.enviasystems.com

SOURCE General Motors

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