Not wanting to miss the innovation boat, GM emerges from bankruptcy to become an aggressive investor in venture capital.
Excerpt:
With a solar charging station as a backdrop, GM's venture capital unit touts a $7.5 million investment in Sunlogics, at the solar energy system maker's new headquarters in a former auto parts plant in Rochester Hills, Michigan.
The investment, announced last month, gives GM Ventures a stake in a company building solar charging equipment. It comes out of a $200 million venture capital budget GM earmarked to spend over three years in response to fears that the world's largest automaker could lose out on the next big thing to start-ups such as electric car maker Tesla Motors
Read the rest of the story
here.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.