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Am Batteries Closes $30M Series B Led By Toyota Ventures To Accelerate The Commercialization Of Its Dry Battery Electrode Technology

PRIVATEDec 04, 2023

Amount Raised

$30 Million

Round Type

Series B

ActonManufacturingInformation Technology

Investors

Zeon VenturesFoothill VenturesDoral Energy Tech VenturesCreative VenturesTDK VenturesAnzu PartnersIndustry VenturesWilson SonsiniPlanetary HealthRA Capital ManagementAsahi KaseiPorsche VenturesToyota Ventures

Description

AM Batteries, a pioneer in the field of lithium-ion dry-electrode technologies, today announced it closed a $30M Series B in an oversubscribed funding round led by Toyota Ventures. New investment combines strategic corporate support from Porsche Ventures and Asahi Kasei, with financial investment from RA Capital Management - Planetary Health, Wilson Sonsini, and Industry Ventures. The round also includes existing investors such as Anzu Partners, TDK Ventures, Creative Ventures, Doral Energy-Tech Ventures, Foothill Ventures, and Zeon Ventures.

Quick answer

AM Batteries, Inc. raised $30 Million in a Series B round, dated December 4, 2023. Investors: Zeon Ventures, Foothill Ventures, Doral Energy Tech Ventures, Creative Ventures, TDK Ventures, Anzu Partners, Industry Ventures and Wilson Sonsini. AM Batteries, Inc. is based in Acton, Massachusetts, United States.

How much did AM Batteries, Inc. raise?
AM Batteries, Inc. raised $30 Million in a Series B round on December 4, 2023.
Who invested in AM Batteries, Inc?
Zeon Ventures, Foothill Ventures, Doral Energy Tech Ventures, Creative Ventures, TDK Ventures, Anzu Partners, Industry Ventures and Wilson Sonsini are named as investors in this round.
What does AM Batteries, Inc. do?
AM Batteries is an innovator in the electro-chemical energy storage industry, focusing on transforming the manufacturing processes & performance of Li-ion batteries for EVs, grid storage, consumer electronics, and more.
Where is AM Batteries, Inc. based and how big is it?
AM Batteries, Inc. is based in Acton, Massachusetts, United States.
Who are the decision-makers at AM Batteries, Inc?
Fundz holds 1 contact at AM Batteries, Inc., including the Director. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Manufacturing around the same time

Companies in the same sectors as AM Batteries, Inc. that raised within 45 days of this round, from Fundz verified event records.

  • Hadrian raised $86M on December 11, 2023.
  • Allarity Therapeutics raised $400K (Seed) on January 18, 2024.
  • Lynch Regenerative Medicine raised $3.8M (Seed) on January 17, 2024.
  • Plant Prefab raised $2M (Seed) on January 17, 2024.
  • ivWatch raised $14M on January 12, 2024.
  • Doc.com raised $300M (Funding Round) on January 11, 2024.

Who to call at AM Batteries, Inc., and when

A new round usually means AM Batteries, Inc. is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

AM Batteries, Inc.

Location

8 Federal St

Acton, Massachusetts, United States

About

AM Batteries is an innovator in the electro-chemical energy storage industry, focusing on transforming the manufacturing processes & performance of Li-ion batteries for EVs, grid storage, consumer electronics, and more. AM Batteries is working to industrialize a solvent free electrode manufacturing technology for Li-ion batteries and beyond. In this technology, the dry mixed powder will be directly coated onto the current collectors. This revolutionary technology can substantially reduce the energy footprint, hazardous material usage, & capital costs for Li-ion battery manufacturers.

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Related People

1 contact
Verified contactsYan W., Director hidden hidden hiddenSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

AM Batteries, Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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