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24M Selected To Receive $3.2M In Federal Funding To Develop More Efficient Electric Vehicle Batteries

PRIVATEJan 23, 2023

Amount Raised

$3.2 Million

Round Type

Seed

CambridgeManufacturingPrecious Metals

Description

24M announced today that it has been selected to receive $3.2 million in funding from the U.S. Department of Energy Advanced Research Projects Agency-Energy (ARPA-E). The funding is part of the ARPA-E Electric Vehicles for American Low-Carbon Living (EVs4ALL) program, which seeks to develop more affordable, convenient, efficient and resilient electric vehicle (EV) batteries.

Who else raised in Precious Metals and Manufacturing around the same time

Companies in the same sectors as 24M Technologies that raised within 45 days of this round, from Fundz verified event records.

  • Pampa Metals raised $18K (Pre-Seed) on March 2, 2023.
  • Canada Nickel Company raised $24M on February 8, 2023.
  • Tsodilo Resources Limited raised an undisclosed amount (Post-IPO Equity) on January 25, 2023.
  • Cowboy raised an undisclosed amount (Funding Round) on March 9, 2023.
  • QuantWare raised $6.3M (Funding Round) on March 9, 2023.
  • Roofit.Solar raised $6.8M (Funding Round) on March 9, 2023.

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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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Related People

1 contact
Verified contactsYet-Ming C., CHIEF SCIENTIST & CO-FOUNDER hidden hidden hiddenSee plans and pricing
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24M Technologies raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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