General Motors Unit Leads $108 Million Funding Round for Peak Energy

General Motors Ventures is leading a $108 million funding round for Peak Energy, which specializes in sodium-ion battery manufacturing. This investment follows a partnership aimed at developing advanced sodium-ion battery cells for the energy storage sector. The collaboration will utilize GM's battery cell industrialization expertise to aid Peak Energy's production objectives, including a 4 GWh factory in Sacramento, California, expected to start operations in Q1 2027.