GM enters commercial agreement with and invests in Powermat, a personal device inductive charging company
Green Car Congress
JANUARY 6, 2011
GM Ventures, the company’s venture capital subsidiary headed by Jon Lauckner, who helped create the Volt concept, will invest $5 million in Powermat to accelerate the technology’s development and support efforts to grow Powermat’s business globally. The technology is expected to revolutionize how electronic devices are charged in a car.
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