Powermat Raises $5 M of Series A Funding
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Detroit, Michigan – GM Ventures, a subsidiary venture capital wing of General Motors has invested $5 Million of Series A Funding to Powermat, a start up wireless charging company for mobile phones and PDAs.
According to GM executives, the investment through the GM Ventures capital unit will support the small private company’s development of the technology that GM expects will be adopted quickly in the auto sector and in other areas.
Funding Total: $5,000,000
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|Investors: GM Ventures|