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General Motors Buys Israeli Battery Software Startup
General Motors Co. (NYSE: GM) announced today that it has acquired substantially all the assets of Israel-based battery software startup ALGOLiON (sic) Ltd. for an undisclosed sum. The acquisition was led by the newly formed Technology Acceleration and Commercialization (TAC) organization, a group within GM that works to identify emerging technology that can support GM’s battery development through investments, acquisitions or partnerships.
“ALGOLiON has developed cutting edge battery analytics and prediction software that will help General Motors deliver great performing EVs for our customers,” said Gil Golan, vice president, TAC.
The move comes at a time of considerable turmoil and violence in Israel. There is also the pending UAW contract negotiations this summer where non-union EV partnerships and joint ventures are large, contentious issues. (AutoInformed: EV Politics – Biden versus the UAW)
ALGOLiON received early support from the Israeli Innovation Authority, and was founded in 2014 by Niles Fleischer and Alex Nimberger. The company has developed software that uses data streams from EV battery management systems to help identify anomalies in cell performance “to ensure proper vehicle health management and provide early detection of battery hazards including thermal runaway propagation events,’ According to GM. Fleischer has more than 40 years of experience in the battery industry and more than 80 patents in the field Nimberger has military and civilian experience in all aspects of lithium-ion battery operating modes and effects analysis.
ALGOLiON employees, including the founders, will remain based in Israel and 850 employees at the GM Technical Center in Herzliya, Israel. They will be led by Guy Daniely, senior engineering manager. GM Israel is part of GM’s Global Product Development Group, GM Technical Center in Herzliya. The Israeli center specializes in advanced technologies including software and algorithms, machine learning, Software Defined Vehicles, cyber security and user-facing applications for autonomous, electric and connected vehicles. (AutoInformed: Biden Admin Making American Manufacturing Great Again)