24M raised $87 million in a Series H preferred investment round led by Nuovo+ to accelerate the commercialization and mass production of revolutionary battery technologies.

Sep 05, 2024•over 1 year ago

Amount Raised

$87 Million

CambridgePrecious MetalsManufacturing

Investors

Mitsui O.S.K. LinesLucas TvsDai Nippon Printing Company (Dnp)Asahi KaseiKyocera CorporationNuovo+

Description

24M has closed an $87 million Series H Preferred Stock financing, bringing its total funding to over $500 million. This investment will support the acquisition of a new R&D and pilot manufacturing plant in Rayong, Thailand.

Company Information

Company

24M Technologies

Location

130 BROOKLINE STREET

Cambridge, Massachusetts, United States

About

24M answers the world’s need for affordable energy storage by offering a revolutionary battery manufacturing and product design technology set enabled by the 24M SemiSolid™ and Unit Cell manufacturing platform. By re-inventing today’s battery products and manufacturing methods, 24M solves the critical, decades-old challenge associated with the world’s preferred energy storage products and technologies: reducing their high cost while improving their performance, safety and recyclability. Founded and led by some of the battery industry’s foremost inventors, scientists and entrepreneurs, 24M is headquartered in Cambridge, Mass.

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