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Carmakers’ consortium hands over $4m to tech start-up

Fri, 07/01/2016 - 10:22 -- Paul Crompton
Carmakers’ consortium hands over $4m to tech start-up

A consortium including three of the world’s biggest carmakers has gifted a Chicago start-up $4 million in a bid to improve battery technology for electric vehicles.

The US Department of Energy (DOE) has also chipped in to award SiNode Systems the cash, which has already been allocated to new staff who aim to get the firm’s advanced anode technology commercialized in 30 months.

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