08:48 AM EDT, 10/16/2024 (MT Newswires) -- General Motors' ( GM ) venture arm GM Ventures invested $10 million in Forge Nano, the materials science company said Wednesday.

This funding adds to a previous $50 million series C round, bringing total capital raised by Forge Nano to over $100 million. Forge Nano said the investment would support further enhancement of its Atomic Armor platform, which applies thin coatings to improve material performance and durability.

GM Ventures and Forge Nano also signed a partnership agreement under which the companies will potentially use Forge Nano's Atomic Armor equipment to coat cathode active materials for the automaker's EV battery cells, increasing their performance and lifetime.

Forge Nano said it plans to develop thin-film coatings for General Motors' ( GM ) cathode active materials and develop prototype lithium-ion battery cells.

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