Automotive giant General Motors has acquired substantially all the assets of Israel-based battery software startup ALGOLiON for an undisclosed sum.
The acquisition was led by GM’s new Technology Acceleration and Commercialization (TAC) organization. TAC identifies emerging technology that can support GM’s leadership position in battery development through investments, acquisitions or partnerships.
ALGOLiON was founded in 2014 by Niles Fleischer and Alex Nimberger and received early support from the Israel Innovation Authority.
The company’s algorithms use data streams from EV battery management systems to identify tiny changes in performance. This not only helps ensure proper vehicle health management but also critically provides early detection of battery hazards including overheating.
Gil Golan, vice president of TAC, said ALGOLiON’s cutting-edge battery analytics and prediction software, “coupled with GM’s internal capabilities and vast experience in delivering best-in-class products at scale, can greatly accelerate time-to-market of a cost-effective early hazard detection system for the benefit of millions of GM’s customers worldwide.”
Fleischer said, “The ALGOLiON team is excited to join GM on its track to an all-electric vehicle future. We found the right home for our technology to play an integral role in maintaining healthy batteries.”
ALGOLiON employees, including its founders, will remain based in Israel and join more than 850 employees at the GM Technical Center in Herzliya. The team will be led by Guy Daniely, senior engineering manager.
GM Israel specializes in advanced technologies including software and algorithms, machine learning, software-defined vehicles, cybersecurity and user-facing applications for autonomous, electric and connected vehicles.
The acquisition of ALGOLiON by General Motors demonstrates GM’s commitment to staying at the forefront of the electric vehicle revolution. As the demand for electric vehicles continues to grow, one of the key areas of focus is battery technology and management. ALGOLiON’s cutting-edge battery analytics and prediction software align perfectly with GM’s goal of delivering best-in-class products at scale.
By integrating ALGOLiON’s technology into its own capabilities, GM can enhance its battery development processes and offer customers a cost-effective early hazard detection system. This system will not only ensure the health and safety of GM’s electric vehicle fleet but also provide peace of mind to millions of customers worldwide.
This strategic move by General Motors reinforces its position as an industry leader in electric vehicle technology and demonstrates its commitment to delivering innovative, reliable, and safe products to its global customer base.
Produced in association with ISRAEL21c
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