GM Acquires EV Battery Software Startup ALGOLiON

DETROIT – General Motors Co. announced Friday it has acquired substantially all assets of ALGOLiON Ltd., an Israel-based electric battery software startup with emerging analytic technology.

The amount of the acquisition is undisclosed and was led through GM’s Technology Acceleration and Commercialization organization, working to identify emerging technology and then invest, acquire and partner with companies to advance and improve GM’s products.

ALGOLiON was founded in 2014 by Niles Fleischer and Alex Nimberger. The company has developed sophisticated software that uses data streams from EV battery management systems to help identify anomalies in cell performance to ensure proper vehicle health management and provide early detection of battery hazards, including thermal runaway propagation events, which could potentially lead to extreme temperatures, fire or explosion.

By teaming ALGOLiON’s software and GM’s internal capabilities and experience in delivering best-in-class products at scale, the goal is for the technology to be brought to market quicker and provide a cost-effective, early hazard detection system that will benefit millions of GM’s customers worldwide, a news release states.

“ALGOLiON has developed cutting-edge battery analytics and prediction software that will help General Motors deliver great performing EV’s for our customers,” said Gil Golan, vice president of GM’s Technology Acceleration and Commercialization.

Fleisher, who has more than 40 years experience in the battery industry and more than 80 patents, said they are excited to join GM on the path to an all-electric vehicle future.

“We found the right home for our technology to play an integral role in maintaining healthy batteries for exciting products and reach customers globally,” he said.

Published by The Business Journal, Youngstown, Ohio.