GM acquires Israeli battery software startup
General Motors has acquired Israel-based battery software startup ALGOLiON. The sum of the investment was not disclosed.
The startup uses sophisticated algorithms that – data streams from EV battery management systems – are said to identify anomalies in cell performance. According to the company, it can predict these “weeks earlier than other methods in use today.” Moreover, no additional sensors are required, and the battery continues to operate even while the tests are ongoing.
“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.
“We found the right home for our technology to play an integral role in maintaining healthy batteries for exciting products and reach customers globally,” ALGOLiON founder Niles Fleischer added.
According to the media statement, GM announced that taken over “substantially all the assets”. A price was not communicated. GM emphasises that all employees, “including the company’s founders,” will remain based in Israel and will be located at the GM Technical Center in Herzliya, just north of Tel Aviv.
ALGOLiON was founded in 2014 by Niles Fleischer and Alex Nimberger.
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