Korea's KTB, Lotte Ventures join EV battery startup Soelect's Series A round

Korea's KTB, Lotte Ventures join EV battery startup Soelect's Series A round

Photo by Micheile Henderson on Unsplash

General Motors Co is among the investors in a North Carolina startup developing fast-charging lithium-metal batteries for future electric vehicles, the companies said Thursday.

Two-year-old Soelect announced a Series A raise of $11 million from GM Ventures, KTB Network and Lotte Ventures, an affiliate of Korea’s Lotte Chemical.

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