A company called Addionics that makes better batteries for electric cars got a lot of money from General Motors and other investors. They will use the money to make more batteries and sell them to car companies. This will make electric cars go faster and farther on one charge, and it will also save money for the car companies. Read from source...

Key points:
- Addionics raises $39 million in Series B funding, led by GM Ventures and Deep Insight
- The funds will be used to enhance manufacturing and global business efforts, including building a U.S. giga-factory for producing 3D Current Collectors
- These collectors offer benefits such as better heat dissipation, faster charging, increased power, and improved stability for EV batteries
- The solution is compatible with existing manufacturing processes and aims to meet the increasing demand for advanced battery technology
- GM Ventures Managing Director expressed support and interest in future collaboration opportunities

Summary:

Israeli battery technology company Addionics has secured $39 million in Series B funding from investors including GM Ventures and Deep Insight. The funds will be used to improve its manufacturing capabilities and global business engagements, as well as to build a U.S. giga-factory for producing 3D Current Collectors, a drop-in solution that offers various benefits for EV batteries, such as faster charging, increased power, and better heat dissipation. The solution is compatible with existing manufacturing processes and aims to address the growing demand for advanced battery technology from automotive OEMs and battery manufacturers. GM Ventures Managing Director said he was eager to support Addionics' growth and explore future collaboration opportunities.

The key message of this article is that Israel-based battery technology company Addionics has announced a Series B funding round of $39 million, co-led by General Motors Co's venture capital arm, GM Ventures and Deep Insight. The funding will be used to enhance Addionics' manufacturing capabilities and global business engagements. The investment is expected to enable Addionics to expand teams worldwide and advance its manufacturing and commercialization efforts, including the construction of a U.S. based giga-factory for producing Addionics 3D Current Collectors. These 3D Current Collectors offer benefits, including better heat dissipation, faster charging, increased power, and improved stability, leading to superior battery performance at lower costs.

This article is relevant for investors who are interested in the EV and battery technology sector, as well as for those who follow the activities of General Motors and its venture capital arm, GM Ventures. The article also provides information on the company's plans to build a $400 million factory in the U.S. by 2027 to produce copper anodes for EV batteries, aiming to supply enough for about 1 million EVs annually.

Overall, the article provides positive news for Addionics and its investors, as well as for General Motors and its sustainability goals. The funding and partnership with GM Ventures and Deep Insight indicate strong confidence in the company's technology and potential for growth. However, the article does not provide any detailed information on the valuation of Addionics or the terms of the funding round, which could be relevant for some investors. Additionally, the article does not discuss any potential risks or challenges that Addionics may face in its development and commercialization of its battery technology. Therefore, the article may be considered as a positive marketing piece for the company, rather than a comprehensive investment analysis.

### Final rating: 3/5