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24M Technologies company logo
ENERGY & UTILITIES | Energy Storage
24-m.com

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Founded Year

2010

Stage

Grant - II | Alive

Total Raised

$143.63M

Last Raised

$9M | 10 days ago

About 24M Technologies

24M develops lithium-ion batteries powered by semisolid lithium-ion technology. By upending the design of the battery cell, as well as how the batteries are made, the company solves the challenge associated with preferred energy storage chemistry, reducing its high cost while improving its performance.

24M Technologies Headquarter Location

130 Brookine Street

Cambridge, Massachusetts, 02139,

United States

617-553-1012

Latest 24M Technologies News

Volkswagen Group Takes 25% Stake In 24M Technologies

Jan 21, 2022

24M Technologies, Inc., a Cambridge, Massachusetts-based battery startup, has closed its deal with Volkswagen Group . The German carmaker acquired a 25% stake in 24M and will establish a wholly-owned subsidiary that will, in cooperation with 24M, develop a SemiSolid battery cell production technology for automotive applications. Through the strategic partnership, VWAG will manufacture next-generation lithium-ion EV batteries using the 24M SemiSolid platform for use in VW Group electric vehicles. VW Group invested an undisclosed three-digit million of US dollars in 24M’s Series F funding round and will make additional investments promoting automotive developments based on the 24M core technology. Additionally, Dr. Steffen Blase, Head of Group Mergers & Acquisitions at Volkswagen AG, will join 24M’s Board of Directors. “The SemiSolid manufacturing platform offers the potential to substantially reduce capital and operating costs,” commented Dr. Blase. “Through our newly established subsidiary and our strategic partnership with 24M, we are focused on bringing the SemiSolid platform to automotive applications and believe we can develop cost-effective processes to meet the increasing demand for EVs.” “Through strategic partnerships with energy innovators like GPSC, Kyocera, AXXIVA, Lucas TVS, FREYR, Koch Strategic Platforms and now VW Group, 24M has built an ecosystem to rapidly scale the SemiSolid manufacturing platform and develop a better, cleaner energy future,” says 24M President and CEO, Naoki Ota. “Our collaborative partnership with VW Group will help significantly expand the global reach of SemiSolid batteries and help fast track electric vehicle adoption.” Jan 21, 2022

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Research containing 24M Technologies

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned 24M Technologies in 1 CB Insights research brief, most recently on Dec 1, 2021.

Expert Collections containing 24M Technologies

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

24M Technologies is included in 2 Expert Collections, including Energy Storage.

E

Energy Storage

946 items

This collection includes large and small energy storage technology, from grid-scale molten salt containers to small, thin-film lithium-ion batteries.

A

Auto & Mobility Tech

936 items

Companies developing battery electric vehicles (BEVs) and fuel cell vehicles (FCEVs) as well as companies working on improvements to battery design, building out charging infrastructure, and launching EV sharing services to help accelerate adoption.

24M Technologies Patents

24M Technologies has filed 80 patents.

The 3 most popular patent topics include:

  • Electrochemistry
  • Rechargeable batteries
  • Lithium-ion batteries
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/5/2017

10/12/2021

Electrochemistry, Capacitors, Lithium-ion batteries, Chemical processes, Fuel cells

Grant

Application Date

4/5/2017

Grant Date

10/12/2021

Title

Related Topics

Electrochemistry, Capacitors, Lithium-ion batteries, Chemical processes, Fuel cells

Status

Grant

24M Technologies Web Traffic

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