The Powermat goes mainstream

General Motors (GM -0.2%) says it will offer wireless smartphone charging in the 2015 Cadillac ATS model through the Powermat charging system.

The automaker owns a piece of Powermat via a $5M investment by GM Ventures that some analysts think will eventually lead to a huge payday.

Some tech blogs say Powermat is a step ahead of rivals in the burgeoning wireless charging industry. A positive sign is that adoption in Starbucks stores is in the process of rolling out.

Procter & Gamble (PG -0.4%) is also a Powermat partner through its Duracell brand.

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Comments (5)
  • Remford
    , contributor
    Comments (143) | Send Message
    Another investment asset GM was allowed to retain rather than repaying creditors, taxpayers and bondholders.
    28 Jul 2014, 12:44 PM Reply Like
  • jackooo
    , contributor
    Comments (1738) | Send Message
    And the public keeps buying their cars.... lol lol
    28 Jul 2014, 01:18 PM Reply Like
  • lemm
    , contributor
    Comments (1200) | Send Message
    If I remember right GM started the GM Ventures to get in on ground floor tech,after the bankruptcy,not before.I could be wrong.
    28 Jul 2014, 01:59 PM Reply Like
  • jakedanders
    , contributor
    Comments (12) | Send Message
 - Started in June 2010, about a year after emerging from bankruptcy.
    28 Jul 2014, 04:37 PM Reply Like
  • lemm
    , contributor
    Comments (1200) | Send Message
    Thank you jakedanders.
    29 Jul 2014, 02:36 PM Reply Like
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