GM Ventures

Last week, GM Ventures Managing Director Anirvan Coomer took the stage at Reuters Automotive USA alongside KPIT Americas President Chinmay Pandit to discuss the importance of collaboration within the current competitive landscape. Anirvan discussed several GM Ventures' portfolio companies and how they are helping drive toward GM's goals and vision while receiving critical backing from GM. Below are a couple of key takeaways from the conversation: “Within GM, we’ve set ourselves a very, very bold vision: a future of the world with Zero Crashes, Zero Emissions, and Zero Congestion. It’s no secret that this is something that’s much bigger than GM and just simply that tells you that you don’t have an option but to collaborate. You’ve got to collaborate with like-minded organizations who share the same kind of vision of the future; you’ve got to collaborate on things that can give you tangible results today, but also teaming up on opportunities where it builds mutual capabilities that can take you to that future.” - Anirvan “Emerging challenges in our industry highlight the need for collaboration to thrive & succeed. As a leading software and system integration partner in the mobility ecosystem spearheading seven global SDV programs with trusted partners, KPIT’s key learning through the journey is that the hardline between competition and collaboration are increasingly blurred today." - Chinmay

Last week, GM Ventures was proud to have our very own Daniel Bouie speak at the grand opening of Niron Magnetics, Inc.'s first-of-its-kind commercial pilot plant for production of rare-earth-free permanent magnets. The Minnesota-based facility has production capacity of more than 5 tons of Clean Earth Magnets and represents an important step in reaching full-scale production. As announced last year, GM and Niron have a strategic partnership agreement to explore the potential use of these magnets in EV motors.

Bringing disruptive technology into the GM ecosystem is our primary goal. This is why we were excited to announce yesterday an investment and strategic partnership agreement with Forge Nano, Inc. to explore potential atomic layer deposition applications for GM batteries. This technology provides the potential to improve battery performance and lower EV costs. Read more about the investment and partnership here: https://s.gm.com/n9xntq