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GM Ventures company logo
Corporate Venture
gmventures.com

Investments

119

Portfolio Exits

18

Funds

1

Partners & Customers

1

About GM Ventures

GM Ventures runs a corporate venture capital arm of General Motors. The firm's investment strategy includes growth-stage companies with a focus on areas of advanced propulsion, connected vehicles, advanced materials, manufacturing technology, sensors, processors and memory, and other automotive-related technologies. It was founded in 2010 and is based in Detroit, Michigan.

Headquarters Location

300 Renaissance Center

Detroit, Michigan, 48265,

United States

313-300-0208

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Expert Collections containing GM Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find GM Ventures in 1 Expert Collection, including Fortune 500 Investor list.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Research containing GM Ventures

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned GM Ventures in 2 CB Insights research briefs, most recently on Sep 8, 2021.

Latest GM Ventures News

GM, Stellantis Invest in Rare Earth-Free Magnets

Nov 18, 2023

General Motors and Stellantis are among the new investors in a Minnesota business that proposes to manufacture permanent magnets to power electric vehicles without resourcing “rare-earth metals.” Niron Magnetics raised $33 million in additional funding it states will be used to expand its current pilot plant and scale manufacturing capacity for its “Clean Earth Magnet®.” Niron Magnetics did not detail the plan for its commercialization or scaling its production. Neither Niron nor the automakers identified the value of their individual investments. Published reports indicate that GM’s investment amounts to $7 million, while Stellantis is in for $5 million.. Permanent magnets, made from magnetized rare-earth metals – e.g., terbium, dysprosium, praseodymium, and neodymium – are the basis for one type of electric motor preferred for powering EVs thanks to their efficiency versus induction or other types of motors. However, rare-earth mining and extracting, and subsequent manufacturing processes, are expensive, labor intensive, and environmentally detrimental. Even more concerning is that most rare earths are sourced from China, which requires export permits for critical materials, creating an unstable supply chain and threatening the automotive industry’s reliance on EV technology that is the foundation for the future they have planned. Niron Magnetics’ magnet technology is based on recycled iron nitride material, which it claims produces  magnets with “inherently high magnetization” and will be the basis for “a revolution in the design of new electric motors and generators.” “We were drawn to invest in Niron by the impressive sustainability benefits that its Clean Earth Magnet technology offers for vehicles and the inherent scalability of their solution,” stated Adam Bazih, managing partner at Stellantis Ventures. “Making powerful magnets from plentiful commodity materials decouples new production from rare earth mine development and lowers overall environmental impact, which directly aligns with Stellantis’ commitment to reach carbon net zero by 2038.” Niron has stated its Clean Earth Magnet is more magnetic than typical permanent magnets made using neodymium and praseodymium. In addition to its capital investment, GM and Niron have a strategic partnership agreement to co-develop Clean Earth Magnet motor technology that can be used in future GM EVs. “We believe Niron’s unique technology can play a key role in reducing rare earth minerals from EV motors and help us further scale our North American-based supply chain for EVs,” stated GM Ventures president Anirvan Coomer. “Our path to an all-electric future will be enabled not only by our own research and development efforts, but also by investing in next generation technology from startups and established companies outside our four walls.”

GM Ventures Investments

119 Investments

GM Ventures has made 119 investments. Their latest investment was in Niron Magnetics as part of their Series E on November 11, 2023.

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GM Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/8/2023

Series E

Niron Magnetics

$33M

Yes

4

7/17/2023

Series C

Yoshi Mobility

$25.69M

No

1

5/9/2023

Series D

UVeye

$100M

No

CarMax, F.I.T. Ventures, Hanaco Ventures, Undisclosed Investors, and W.R. Berkley

13

4/19/2023

Unattributed VC

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10

3/9/2023

Series C

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$99M

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10

Date

11/8/2023

7/17/2023

5/9/2023

4/19/2023

3/9/2023

Round

Series E

Series C

Series D

Unattributed VC

Series C

Company

Niron Magnetics

Yoshi Mobility

UVeye

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Amount

$33M

$25.69M

$100M

$99M

New?

Yes

No

No

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Co-Investors

CarMax, F.I.T. Ventures, Hanaco Ventures, Undisclosed Investors, and W.R. Berkley

Sources

4

1

13

10

10

GM Ventures Portfolio Exits

18 Portfolio Exits

GM Ventures has 18 portfolio exits. Their latest portfolio exit was Algolux on March 01, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/1/2023

Acquired

$99M

8

2/4/2022

Reverse Merger

$99M

4

10/27/2021

Acquired

$99M

8

6/15/2021

Reverse Merger

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$99M

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10

4/17/2019

Acquired

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$99M

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10

Date

3/1/2023

2/4/2022

10/27/2021

6/15/2021

4/17/2019

Exit

Acquired

Reverse Merger

Acquired

Reverse Merger

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

8

4

8

10

10

GM Ventures Fund History

1 Fund History

GM Ventures has 1 fund, including GM Ventures.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/4/2010

GM Ventures

Multi-Stage Venture Capital

Closed

$100M

1

Closing Date

6/4/2010

Fund

GM Ventures

Fund Type

Multi-Stage Venture Capital

Status

Closed

Amount

$100M

Sources

1

GM Ventures Partners & Customers

1 Partners and customers

GM Ventures has 1 strategic partners and customers. GM Ventures recently partnered with Lithion on September 9, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

9/25/2022

Partner

Canada

1

Date

9/25/2022

Type

Partner

Business Partner

Country

Canada

News Snippet

Sources

1

GM Ventures Team

2 Team Members

GM Ventures has 2 team members, including current President, Chief Technology Officer, Kent Helfrich.

Name

Work History

Title

Status

Kent Helfrich

President, Chief Technology Officer

Current

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Name

Kent Helfrich

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Work History

Title

President, Chief Technology Officer

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Status

Current

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