General Motors led a $108 million funding round for battery startup Peak Energy, according to a Techub report citing Tech in Asia. The financing comes after GM and Peak Energy announced a partnership in June aimed at expanding the supply of sodium-ion batteries. The update links the new capital raise directly to that recently disclosed commercial relationship, with Peak Energy positioned as the startup at the center of the deal and GM as the lead investor in the round. No additional financing details were disclosed in the brief report.
General Motors (GM) has led a $108 million funding round for battery startup Peak Energy, according to Techub, which cited Tech in Asia.
The round comes after the two companies announced a partnership in June to expand sodium-ion battery supply.
The brief report did not disclose additional details about the financing.
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