Industry experts reinventing the lithium-ion battery to enable ultra-low cost energy storage – powered by semisolid lithium-ion technology.
Location: United States, Massachusetts, Cambridge
Employees: 51-200
Total raised: $112.2M
Founded date: 2010
Investors 1
| Date | Name | Website |
| 24.05.2021 | Mirai Crea... | mirai.spar... |
Funding Rounds 3
| Date | Series | Amount | Investors |
| 06.09.2024 | Series H | $87M | - |
| 23.01.2023 | - | $3.2M | - |
| 17.12.2018 | Series D | $22M | - |
Mentions in press and media 18
| Date | Title | Description |
| 07.09.2024 | 24M's $87 Million Surge: A Leap Toward Battery Revolution | In the heart of Cambridge, Massachusetts, a storm is brewing in the world of energy storage. 24M, a company that’s redefining battery technology, has just secured $87 million in Series H funding. This investment elevates its valuation to a ... |
| 06.09.2024 | 24M Raises $87M in Series H Funding | 24M, a Cambridge, MA-based battery innovations company, raised $87M in Series H funding, at $1.3 Billion valuation. The round, which brought the total amount to $500M, was led by Nuovo+, with participation from Kyocera Corporation, ASAHI Ka... |
| 22.05.2024 | FREYR Battery Provides Operations Update | FREYR Battery Provides Operations Update Wed, May 22, 2024 12:54 CET Report this content FREYR has completed its first production trial of unit cells using the full capabilities of the Casting and Unit Cell Assembly at the Customer Qualific... |
| 23.01.2023 | 24M Selected to Receive $3.2 Million in Federal Funding to Develop More Efficient Electric Vehicle Batteries | Funding Part of Advanced Research Projects Agency-Energy (ARPA-E) Program to Support Domestic Development of Advanced Batteries for Electric Vehicles 24M announced that it has been selected to receive $3.2 million in funding from the U.S. D... |
| 12.10.2021 | FREYR Announces Joint Venture with Koch Strategic Platforms to Advance Development of Clean Battery Cell Manufacturing in the United States | FREYR Announces Joint Venture with Koch Strategic Platforms to Advance Development of Clean Battery Cell Manufacturing in the United States Tue, Oct 12, 2021 12:54 CET 50%/50% joint venture to evaluate U.S. Gigafactory production of clean, ... |
| 17.05.2021 | 24M : Raises $56.8M to Commercialize SemiSolid Battery Technology | 24M announced today it has raised a $56.8 million Series E to commercialize its simple, capital-efficient, low-cost SemiSolidTM manufacturing process and expand its technology development programs for grid storage and electric vehicle appli... |
| 01.02.2021 | Battery companies are the latest SPAC target as EVs get a huge regulatory boost | Batteries are the latest landing pad for investors. In the past week alone, two companies have announced plans to become publicly traded companies by merging with special purpose acquisition companies. European battery manufacturer FREYR sa... |
| 18.12.2018 | Semi-solid battery start-up 24M raises $22M | It has been quiet around the A123 spin-off 24M that had promised to deliver cheaper, semi-solid batteries by doing away with inactive materials in the electrodes. Now the company has received a 22 million dollar funding push and will build ... |
| 18.12.2018 | Cambridge-Based Lithium Ion Company 24M Raises $21.8 Million | Cambridge, Massachusetts-based startup 24M has announced that it has raised $21.8 million in Series D funding to accelerate its low-cost manufacturing process and development of its high energy density lithium-ion cells for electric vehicle... |
| 17.12.2018 | 24M Raises $21.8M Series D | CAMBRIDGE, Mass.--(BUSINESS WIRE)--24M announced today it has raised a $21.8 million Series D to accelerate the deployment of its simple, capital-efficient, low-cost manufacturing process and the development of differentiated, high energy d... |
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