24M Overview

  • Year Founded
  • 2010

Year Founded

  • Status
  • Private

  • Employees
  • 202

Employees

  • Latest Deal Type
  • Series H

  • Latest Deal Amount
  • $87M

  • Investors
  • 21

24M General Information

Description

Manufacturer of lithium-ion batteries designed to improve electric power systems' operational reliability, economics, and efficiency. The company's batteries offer binder-free semisolid electrodes and unit cells, which eliminates the need for hydro or pyrometallurgical processes for battery recycling and helps direct in-plant reuse of active material for end-of-life recycling, enabling clients to increase efficiency and save money.

Contact Information

Website
www.24-m.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 130 Brookline Street
  • Cambridge, MA 02139
  • United States
+1 (617)
Primary Industry
Electrical Equipment
Vertical(s)
CleanTech, Mobility Tech, Climate Tech
Corporate Office
  • 130 Brookline Street
  • Cambridge, MA 02139
  • United States
+1 (617)

24M Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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24M Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
17. Later Stage VC (Series H) 05-Sep-2024 $87M Completed Generating Revenue
16. Grant 23-Jan-2023 Completed Generating Revenue
15. Later Stage VC (Series G) 15-Sep-2022 Completed Generating Revenue
14. Grant 19-Jan-2022 Completed Generating Revenue
13. Grant 31-Dec-2021 Completed Generating Revenue
12. Later Stage VC (Series F) 08-Dec-2021 Completed Generating Revenue
11. Later Stage VC (Series E) 17-May-2021 Completed Generating Revenue
10. Later Stage VC (Series D) 21-Nov-2018 Completed Generating Revenue
9. Grant 31-Dec-2017 $3.29M $94M Completed Generating Revenue
8. Later Stage VC (Series C1) 06-Nov-2017 $13.8M $94M Completed Generating Revenue
To view 24M’s complete valuation and funding history, request access »

24M Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series G
Series F
Series E
Series D
Series C1
Series C
Series B2
Series B 4,249,291 $0.001000 $3.53 $3.53 1x $1.51 2.51%
Series A 3,620,690 $0.001000 $1.45 $1.45 1x $0.91 1.46%
To view 24M’s complete cap table history, request access »

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24M Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Manufacturer of lithium-ion batteries designed to improve electric power systems' operational reliability, economics, an
Electrical Equipment
Cambridge, MA
202 As of 2024

Alameda, CA
 

Hangzhou, China
 
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24M Competitors (35)

One of 24M’s 35 competitors is Imprint Energy, a Formerly VC-backed company based in Alameda, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Imprint Energy Formerly VC-backed Alameda, CA
A123 Systems Venture Capital-Backed Hangzhou, China
Primus Power Venture Capital-Backed Hayward, CA
Reliance Lithium Werks Formerly VC-backed Enschede, Netherlands
XALT Energy Formerly PE-Backed Midland, MI
You’re viewing 5 of 35 competitors. Get the full list »

24M Patents

  • 458

    Total Documents Applications and Grants

  • Total Patents Families

  • 314

    Granted

  • 127

    Pending

  • Expiring in next 12 mo

24M Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20240419866-A1 Systems and methods for modeling impedance and finite element modeling of electrochemical cells Pending 15-Jun-2023
US-20240379930-A1 Ribbed electrode dispensation nozzles, and methods of producing the same Pending 09-May-2023
US-20240380061-A1 Electrochemical cells with vents, and methods of manufacturing the same Pending 08-May-2023
US-20240304882-A1 Direct regeneration of spent lithium electrodes via heat treatment Pending 07-Mar-2023
US-20240304942-A1 Separators for lithium batteries Pending 06-Mar-2023 H01M50/403
To view 24M’s complete patent history, request access »

24M Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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24M Investors (21)

Investor Name Investor Type Holding Investor Since Participating Rounds
Asahi Kasei Holding Company Minority
Dai Nippon Printing Corporation Minority
Kyocera Corporation Minority
Mitsui O.S.K. Lines Corporation Minority
Nuovo+ Venture Capital Minority
You’re viewing 5 of 21 investors. Get the full list »

24M Investments (1)

24M’s most recent deal was a Corporate Asset Purchase with Nuovo Plus Company (71,000 Square Feet R&D and Pilot Manufacturing Plant in Rayong, Thailand) for . The deal was made on 05-Sep-2024.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Nuovo Plus Company (71,000 Square Feet R&D and Pilot Manufacturing Plant in Rayong, Thailand) 05-Sep-2024 Corporate Asset Purchase Buildings and Property
To view 24M’s complete investments history, request access »

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24M FAQs

  • When was 24M founded?

    24M was founded in 2010.

  • Where is 24M headquartered?

    24M is headquartered in Cambridge, MA.

  • What is the size of 24M?

    24M has 202 total employees.

  • What industry is 24M in?

    24M’s primary industry is Electrical Equipment.

  • Is 24M a private or public company?

    24M is a Private company.

  • What is the current valuation of 24M?

    The current valuation of 24M is .

  • What is 24M’s current revenue?

    The current revenue for 24M is .

  • How much funding has 24M raised over time?

    24M has raised $526M.

  • Who are 24M’s investors?

    Asahi Kasei, Dai Nippon Printing, Kyocera, Mitsui O.S.K. Lines, and Nuovo+ are 5 of 21 investors who have invested in 24M.

  • Who are 24M’s competitors?

    Imprint Energy, A123 Systems, Primus Power, Reliance Lithium Werks, and XALT Energy are some of the 35 competitors of 24M.

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