24m Technologies

24M Technologies has raised a total of $500 million in funding over multiple rounds, achieving unicorn status in September 2024. Its latest Series H round of $87 million, closed on September 5, 2024, was led by Asahi Kasei, DNP Group, Lucas TVS, and others. Founded in 2010 and headquartered in Cambridge, Massachusetts, United States, the company develops semi-solid lithium-ion batteries, addressing manufacturing efficiency and performance. Valued at $1 billion, 24M Technologies is positioned as a leader in scalable, high-performance energy storage solutions for EVs, grid storage, and industrial applications.