GM Ventures has announced a $10 million investment in Forge Nano, a materials science company known for its expertise in atomic layer deposition (ALD).
Atomic layer deposition is a surface engineering technique that applies ultra-thin coatings to battery materials, allowing for greater control over chemistry and structure at the atomic level.
Forge Nano’s proprietary Atomic Armor technology will be used to develop thin-film coatings for GM, with a focus on enhancing battery performance and reducing costs. To demonstrate the capabilities of this technology, Forge Nano will build prototype lithium-ion battery cells at its Colorado headquarters.
This move highlights GM’s ongoing commitment to improving electric vehicle (EV) battery performance and reducing costs, making EVs more appealing to a broader range of customers. The investment also positions Forge Nano to grow its battery material coating business and expand into the semiconductor sector.
Anirvan Coomer, Managing Director of GM Ventures, said, 'Forge Nano’s Atomic Armor technology has the potential to revolutionise our battery materials, particularly in enhancing the cathode—the most expensive component of a battery cell.'
Forge Nano’s CEO, Paul Lichty, added, 'This investment will allow us to enhance battery material performance and durability while expanding our presence in key industries such as semiconductors.'
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