UPDATE 2-GM takes stake in battery startup Envia

Newswire

* GM invests $7 mln in battery start-up, licenses tech * Asahi Kasei, Asahi Glass, venture backers join funding * Envia raises total $17 mln (Adds detail on additional investors, Lauckner quote, Volt background) DETROIT, Jan 27 (Reuters) - General Motors Co has invested $7 million in Envia Systems, a California-based start-up that has been developing more powerful and cheaper batteries for electric vehicles. Newark, California-based Envia has developed cathode technology for ...

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