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A little over a month ago, General Motors Ventures announced its first investment: an undisclosed amount in Indiana-based plug-in hybrid van maker Bright Automotive. Today, GM Ventures revealed its second partner: Sakti3, a somewhat secretive lithium-ion battery developer based in Ann Arbor, MI. GM Ventures and Itochu Technology Ventures have invested $4.2 million into Sakti3, Inc., "to advance the firm's manufacturing capabilities," and to speed up commercialization of the battery cells, accord

Sakti3, an Ann Arbor, Michigan-based company that develops lithium-ion batteries for electric and hybrid vehicles, has secured additional funding worth an additional $7 million that will help them expand production facilities and develop new technologies.