General Motors (GM) has invested in Mitra Chem, an AI-enabled battery materials innovator, as part of a Series B funding round. The investment is aimed at commercializing GM's EV battery production and reducing prices. GM plans to co-develop iron-based cathodes and additional cell chemistries with Mitra Chem. The startup will assist GM in developing lithium manganese iron phosphate (LMFP) cells and lithium iron phosphate (LFP) cells. The investment will also help Mitra Chem scale its operations and speed up the entry of its battery materials formulation into the market.