Am Batteries (Amb) Secures $25M Series A Financing To Scale Manufacturing Of Novel Lithium-Ion Dry-Electrode Technology

AM Batteries (AMB), a pioneer in lithium-ion dry-electrode technology, announced today the close of its Series A financing. Anzu Partners, an investment firm that focuses on breakthrough industrial technologies, led AMB's oversubscribed $25M Series A funding, with participation from TDK Ventures, Foothill Ventures, Toyota Ventures, Zeon Ventures, SAIC Capital, VinFast, Doral Energy-Tech Ventures, and Creative Ventures. The financing will allow AMB to expand its team and accelerate its commercialization efforts, advance its roll-to-roll manufacturing pilot line to a production-grade line for customers, and extend its dry-electrode manufacturing platform to new battery chemistries and technologies like solid-state batteries.