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General Motors Acquires Israeli EV Battery Software Startup ALGOLiON
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General Motors Co. has acquired the Israel-based EV battery software startup ALGOLiON Ltd. for an undisclosed sum. ALGOLiON has developed software that uses data streams from EV battery management systems to help identify anomalies in cell performance to ensure proper vehicle health management and provide early detection of battery hazards.
Its software can greatly accelerate time-to-market of a cost-effective early hazard detection system for the benefit of millions of GM’s customers worldwide.
ALGOLiON employees, including the company’s founders, will remain based in Israel and join more than 850 employees at the GM Technical Center in Herzliya, Israel.
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’s leadership position in battery development through investments, acquisitions or partnerships.
Gil Golan, vice president, TAC, says: “ALGOLiON has developed cutting edge battery analytics and prediction software that will help General Motors deliver great performing EVs for our customers."
“The ALGOLiON team is excited to join GM on its track to an all-electric vehicle future,” adds Dr. Niles Fleischer, ALGOLiON's co-founder. “We found the right home for our technology to play an integral role in maintaining healthy batteries for exciting products and reach customers globally.”
GM Israel is an integral part of GM’s Global Product Development Group, working on key vehicle programs toward GM’s vision for a future of zero crashes, zero emissions and zero congestion.