As part of its $5m investment, GM Ventures has agreed exclusivity on the use of Powermat products in its cars for the first year and is expected to have them in its electric Chevrolet Volt vehicle by next year.
US-based car maker General Motors’ corporate venturing unit has invested $5m in Powermat, an Israel-based company making wireless charging pads for mobile devices, and its first deal outside of America.
As part of its investment, GM Ventures has agreed exclusivity on the use of Powermat products in its cars for the first year and is expected to have them in its electric Chevrolet Volt vehicle by next year.
The deal is GM Ventures’ third since setting up a $100m fund…
