
PHOTO: Sakti3 CEO Dr. Ann Marie Sastry with a 2011 Chevrolet VOLT.
In a press release dated Sept 10, 2010, General Motors Ventures, a GM subsidiary charged with seeking out and advancing commercially viable emerging technology, announced its second investment in the past couple of months. Sakti3, a 2007 spin-out from the University of Michigan, is advancing the commercialization of high-performance batteries through a unique manufacturing process developed by the company. GM Ventures has combined with Itochu Technology Ventures to invest $4.2 million into Sakti3, Inc with the intent to "advance the firm's manufacturing capabilities and speed up commercialization of battery cells."