About 24m Technologies
24m Technologies is a company based in Cambridge (United States) founded in 2010 by Yet Ming Chiang.. 24m Technologies has raised $222.3 million across 11 funding rounds from investors including Fujifilm, PTT Public Company Limited and Volkswagen Group. The company has 147 employees as of December 31, 2022. 24m Technologies offers products and services including Impervio Separator, 24M ETOP Pack Design, Eternalyte Electrolyte, LiForever Electrode, and 24M Equipment. 24m Technologies operates in a competitive market with competitors including Farasis Energy, Britishvolt, Amperex Technology, Sunwoda Electronic and InoBat, among others.
- Headquarter Cambridge, United States
- Employees 147 as on 31 Dec, 2022
- Founders Yet Ming Chiang
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name 24M Technologies Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$222.3 M (USD)
in 11 rounds
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Latest Funding Round
$87 M (USD), Series H
Sep 05, 2024
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Investors
Fujifilm
& 16 more
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Employee Count
147
as on Dec 31, 2022
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Products & Services of 24m Technologies
24m Technologies offers a comprehensive portfolio of products and services, including Impervio Separator, 24M ETOP Pack Design, Eternalyte Electrolyte, LiForever Electrode, and 24M Equipment. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Component that enhances battery safety by preventing fires.
Design for efficient energy storage and packaging.
Electrolyte improving charge rates and cold performance.
Electrode extending battery cycle life effectively.
Equipment for producing advanced battery systems.
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Funding Insights of 24m Technologies
24m Technologies has successfully raised a total of $222.3M across 11 strategic funding rounds. The most recent funding activity was a Series H round of $87 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Series H — $87.0M
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First Round
First Round
(10 Aug 2010)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series H - 24m Technologies | Valuation | Asahi Kasei , DNP Group | |
| Jan, 2022 | Amount | Grant - 24m Technologies | Valuation |
investors |
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| Jan, 2022 | Amount | Series F - 24m Technologies | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 24m Technologies
24m Technologies has secured backing from 17 investors, including institutional and venture fund investors. Prominent investors backing the company include Fujifilm, PTT Public Company Limited and Volkswagen Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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US focused seed to growth stage VC firm
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Founded Year | Domain | Location | |
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PE firm focused on investing in tech companies operating across Japan
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Founded Year | Domain | Location | |
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Provider of a PE and VC investing firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 24m Technologies
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 24m Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
24M Technologies Comparisons
Competitors of 24m Technologies
24m Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Farasis Energy, Britishvolt, Amperex Technology, Sunwoda Electronic and InoBat, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Farasis Energy is engaged in sustainable energy solutions development.
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| domain | founded_year | HQ Location |
Lithium-ion batteries for electric vehicles are manufactured by Britishvolt.
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| domain | founded_year | HQ Location |
Rechargeable lithium-ion and polymer batteries are designed and manufactured.
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| domain | founded_year | HQ Location |
Manufacturer of lithium battery modules
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| domain | founded_year | HQ Location |
Energy storage solutions are provided for electro-mobility and hydrogen.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 24m Technologies
When was 24m Technologies founded?
24m Technologies was founded in 2010.
Where is 24m Technologies located?
24m Technologies is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of 24m Technologies?
Naoki Ota is the current CEO of 24m Technologies.
Is 24m Technologies a funded company?
24m Technologies is a funded company, having raised a total of $222.3M across 11 funding rounds to date. The company's 1st funding round was a Grant of $9M, raised on Aug 10, 2010.
How many employees does 24m Technologies have?
As of Dec 31, 2022, the latest employee count at 24m Technologies is 147.
What does 24m Technologies do?
24m Technologies was founded in 2010 and is based in Cambridge, United States. Semi-solid lithium-ion battery technologies are provided within the energy storage sector. Common challenges in battery manufacturing and performance are targeted through specialized design and materials. Operations emphasize scalable solutions for lithium-ion systems, with leadership including co-founder Yet-Ming Chiang as chief scientist and Naoki Ota as CEO.
Who are the top competitors of 24m Technologies?
24m Technologies's top competitors include Farasis Energy, InoBat and Nyobolt.
What products or services does 24m Technologies offer?
24m Technologies offers Impervio Separator, 24M ETOP Pack Design, Eternalyte Electrolyte, LiForever Electrode, and 24M Equipment.
Who are 24m Technologies's investors?
24m Technologies has 17 investors. Key investors include Fujifilm, PTT Public Company Limited, Volkswagen Group, Kyocera, and Mitsui OSK Lines.
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