2 minutes reading time
(337 words)
GM acquires Israeli battery software startup ALGOLiON
Image for representation purposes only. Source: GM
General Motors has recently announced the complete acquisition of Israel-based battery software startup ALGOLiON Ltd. for an undisclosed sum. GM's newly formed Technology Acceleration and Commercialization (TAC) organization that works to identify emerging technology that can support GM's leadership position in battery development has led the acquisition.
Founded in 2014, ALGOLiON has developed sophisticated 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 including thermal runaway propagation events.
The startup's founder Dr. Fleischer has more than 40 years of experience in the battery industry and more than 80 patents in the field, while co-founder Dr. Nimberger has deep military and civilian experience in all aspects of lithium-ion battery operating modes and effects analysis, according to GM.
"ALGOLiON has developed cutting edge battery analytics and prediction software that will help General Motors deliver great performing EVs for our customers," said Gil Golan, vice president, TAC.
The automaker claims that ALGOLiON's software, coupled with GM's internal capabilities, can greatly accelerate time-to-market of a cost-effective early hazard detection system for the benefit of millions of GM's EV customers worldwide.
"The ALGOLiON team is excited to join GM on its track to an all-electric vehicle future," said Fleischer. "We found the right home for our technology to play an integral role in maintaining healthy batteries for exciting products and reach customers globally."
The startup claims that the software uses sophisticated algorithms to identify miniscule changes that could impact battery health weeks earlier than other methods in use today without additional hardware or sensors all while the battery is still operating properly.
GM Energy reveals initial suite of 'Ultium Home' including V2G, stationary storage
GM Energy has recently announced the product details and specifications for its initial suite of Ultium Home offerings - the first set of solutions to be made available to resident...
https://etn.news/buzz/gm-energy-ultium-home-v2g-stationary-storage-solutions
