Addionics Completes $39 Million Series B Funding, Led by General Motors and Deep Insight

Israeli battery technology company Addionics announced on July 25 that it has successfully completed a $39 million Series B financing. This round of investment was jointly led by GM Ventures and Deep Insight, an investment company under General Motors, and Scania and new and old strategic investors also participated in the investment. The funds will be used to enhance the company's manufacturing capabilities and promote the expansion of global business.