What is AM Batteries?
Founded in 2016 and headquartered in Massachusetts, AM Batteries specializes in dry electrode manufacturing for lithium-ion batteries. This innovative approach addresses one of the most significant bottlenecks in the battery supply chain by eliminating the need for toxic solvents and energy-intensive drying processes. By streamlining the production cycle, the company offers a more sustainable and cost-effective alternative to traditional wet-coating methods, positioning itself as a key player in the global transition toward carbon neutrality and high-performance energy storage.
How much funding has AM Batteries raised?
AM Batteries has raised a total of $58M across 3 funding rounds:
Angel/Seed
$3M
Series A
$25M
Series B
$30M
Angel/Seed (2021): $3M with participation from TDK Ventures, SAIC Capital, and Foothill Ventures
Series A (2022): $25M led by Foothill Ventures and Anzu Partners
Series B (2023): $30M supported by RA Capital Management, Toyota Ventures, Asahi Kasei Corporation, and Porsche Ventures
Key Investors in AM Batteries
RA Capital Management
A multi-stage investment manager focused on evidence-based investing in healthcare and life sciences, with an expanding portfolio in climate and sustainability technologies.
Toyota Ventures
The early-stage venture capital arm of Toyota, dedicated to investing in frontier technologies like AI, robotics, and climate solutions to achieve carbon neutrality.
Asahi Kasei Corporation
A diversified Japanese chemical company founded in 1931, operating across multiple manufacturing divisions including basic chemicals and advanced materials.
What's next for AM Batteries?
With the recent infusion of capital, AM Batteries is expected to focus on the industrialization of its dry electrode technology. The strategic involvement of automotive and chemical industry leaders suggests a clear path toward commercial integration within the electric vehicle and grid storage sectors. Future milestones will likely involve expanding manufacturing capacity and establishing long-term supply chain partnerships to meet the surging demand for high-density, environmentally friendly battery components. The company remains a focal point for investors prioritizing deep-tech solutions that bridge the gap between laboratory innovation and mass-market scalability.
See full AM Batteries company page
