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GM Ventures Invests $10 Million in Forge Nano to Enhance EV Batteries
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GM Ventures has announced a $10 million investment in Forge Nano to enhance electric vehicle (EV) battery performance and durability. Forge Nano is a US materials science company specialising in atomic layer deposition.
The two companies have also entered a strategic partnership agreement to collaborate on potential atomic layer deposition applications for GM's EV batteries.
Atomic layer deposition is a surface engineering technique that applies thin-film coatings to battery materials to control chemistry and structure at atomic scale.
Using its Atomic Armor technology, Forge Nano will develop thin-film coatings for GM to pursue EV battery performance enhancements and cost reductions.
Forge Nano will also build prototype lithium-ion battery cells at its Thornton, Colorado headquarters to showcase the capabilities of its technology.
Anirvan Coomer, managing director of GM Ventures. “GM Ventures’ primary goal is to bring disruptive technology into the GM ecosystem to improve products and processes. Forge Nano’s Atomic Armor technology has game-changing potential for our battery materials. They have already demonstrated the ability to expand cathode capabilities, which is the most expensive battery cell component. This could unlock benefits for both customers and the business.”
Paul Lichty, CEO of Forge Nano, adds: “Forge Nano’s mission is to make better materials for a better world. General Motors’ investment will allow us to further enhance battery material performance and durability, while allowing us to expand our footprint in other key areas – like semiconductors. We look forward to working closely with GM to enhance battery cell performance for future electric vehicles.”
GM’s Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of vehicles and the industry’s widest range of EVs.