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PHOTO CAPTION: GM Venture's Jon Lauckner holds Powermat-charged cellphone. Photo credit: Bill Moore @ EV World.com

GM Ventures Invests in High Tech Future

Entrepreneurs from battery developer Sakti3 to solar energy company Sunlogics receive millions in venture capital from GM spin-off.

Published: 29-Aug-2011

GM Ventures' Jon Lauckner promises that the venture-capital fund he runs isn't a "ZIP code investor." Still, four of the six firms in which General Motors has invested now have ties to the company's home state of Michigan.

Sakti3, an electric-vehicle battery maker, is based in Ann Arbor and run by a University of Michigan professor. Powermat, which makes wireless charging mats for cell phones, has its sales headquarters in Commerce Township.

And once GM Ventures was on board, plug-in hybrid developer Bright Automotive and solar-energy company Sunlogics both moved some operations to vacant space in Rochester Hills. A fifth company, battery materials firm Envia Systems, may have a Michigan office in the works next year, CEO Atul Kapadia said.

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