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GM Ventures, Itochu invest $4.2m in Michigan battery company Sakti3

A little over a month ago, General Motors Ventures announced its first investment: an undisclosed amount in Indiana-based plug-in hybrid van maker Sebastian Blanco

Sakti3, Michigan based li-ion battery developer, raises $7 million in new funding

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.

Michigan-based Sakti3 readying advanced batteries for cars

Michigan is quickly becoming a center of lithium ion battery manufacturing in the United States. Funny thing is, almost none of the companies setting up factories in the state are based there. Sakti3 Inc. wants a piece of that battery pie and it was formed right here in Ann Arbor. Sakti3 is the brainchild of Professor Ann Marie Sastry of the University of Michigan. Sastry's research at the university focuses on t