General Motors led a series D round for the lithium-metal battery technology developer that included SAIC Motor, SK Group and Applied Materials.
Singapore-headquartered lithium-metal battery developer SES closed a $139m series D round on Monday led by automotive manufacturer General Motors (GM).
The round included Applied Ventures, the investment arm of semiconductor technology provider Applied Materials, as well as carmaker SAIC Motor, conglomerate SK Group, Singaporean state-owned investment firm Temasek and its Vertex Ventures subsidiary.
SES is developing lithium-metal (li-metal) battery technology for use in systems such as electric vehicles and drones. The company, which was formerly known as SolidEnergy Systems, was…
