Lotte, GM bet $11m in EV battery materials startup Soelect
IndustryFeb 3, 2022
A consortium led by Lotte Ventures, a startup investment unit of South Korea’s No. 5 conglomerate Lotte Group, injected $11 million into Soelect, a North Carolina-based firm that manufactures next-generation materials for electric vehicle batteries. According to the Soelect Thursday, the consortium, comprised of Lotte Ventures, General Motors Ventures and KTB Network, will support the US startup...