What is 24M Technologies?
24M Technologies is a pioneer in the energy storage industry, specifically recognized for its development of SemiSolid lithium-ion battery technology. By fundamentally re-engineering the battery cell design and the associated manufacturing processes, the company addresses the long-standing industry challenges of high production costs and performance limitations. This innovative approach allows for a more cost-effective and scalable solution, positioning 24M Technologies as a critical player in the global transition toward sustainable energy and electric vehicle adoption.
How much funding has 24M Technologies raised?
24M Technologies has raised a total of $257.3M across 8 funding rounds:
Series A
$16M
Series B
$40M
Series C
$6.7M
Series D
$21.8M
Series E
$56.8M
Unspecified
$9M
Private Equity
$20M
Series H
$87M
Series A (2010): $16M with participation from CRV
Series B (2013): $40M, investors not publicly disclosed
Series C (2016): $6.7M supported by Shumway Capital and GPSC
Series D (2018): $21.8M featuring Kyocera Group, ITOCHU, and North Bridge Venture Partners & Growth Equity
Series E (2021): $56.8M backed by Mirai Creation Fund II, ITOCHU, Fujifilm, Kyocera Group, and North Bridge Venture Partners
Unspecified (2022): $9M with participation from U.S. Department of Energy
Private Equity (2022): $20M led by Fujifilm
Series H (2024): $87M supported by Nuovo Plus
Key Investors in 24M Technologies
Nuovo Plus
Nuovo Plus Company Limited is a strategic investment vehicle focused on the EV value chain, aiming to establish a leading position in battery manufacturing as part of the PTT Group.
Fujifilm
Fujifilm is a Japanese multinational technology company with a diverse portfolio spanning healthcare, electronics, and advanced materials science, leveraging its expertise in imaging and optics to drive industrial innovation.
Kyocera Group
Kyocera Corporation is a prominent Japanese multinational manufacturer specializing in ceramics and electronic components, with a long history of supporting technological advancements in industrial sectors.
What's next for 24M Technologies?
With the infusion of this latest capital, 24M Technologies is well-positioned to accelerate the commercial deployment of its manufacturing solutions. The strategic focus will likely shift toward scaling production capacity to meet the surging demand for high-performance energy storage systems. By leveraging its deep-tech intellectual property and strong corporate partnerships, the company is poised to further disrupt the traditional battery supply chain, driving down costs while enhancing the energy density and safety profiles of next-generation storage solutions.
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