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
-
Sectors
Energy & Utilities
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name 24M Technologies Inc
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$222.3 M (USD)
in 11 rounds
-
Latest Funding Round
$87 M (USD), Series H
Sep 05, 2024
-
Investors
Fujifilm
& 16 more
-
Employee Count
147
as on Dec 31, 2022
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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.
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.
People of 24m Technologies
Unlock access to complete
Unlock access to complete
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.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
US focused seed to growth stage VC firm
|
Locked | Locked | Locked | |
|
PE firm focused on investing in tech companies operating across Japan
|
Locked | Locked | Locked | |
|
Provider of a PE and VC investing firm
|
Locked | Locked | Locked |
Investor details for 24m Technologies
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by 24m Technologies
Investment portfolio details for 24m Technologies
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - 24m Technologies
Detailed financials for 24m Technologies
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
24M Technologies Comparisons
Peer comparison for 24m Technologies
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Farasis Energy is engaged in sustainable energy solutions development.
|
|
| Locked | Locked | Locked |
Lithium-ion batteries for electric vehicles are manufactured by Britishvolt.
|
|
| Locked | Locked | Locked |
Rechargeable lithium-ion and polymer batteries are designed and manufactured.
|
|
| Locked | Locked | Locked |
Manufacturer of lithium battery modules
|
|
| Locked | Locked | Locked |
Energy storage solutions are provided for electro-mobility and hydrogen.
|
Detailed competitors of 24m Technologies
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on 24M Technologies
Complete news archive for 24m Technologies
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about 24m Technologies
24m Technologies was founded in 2010.
24m Technologies is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Naoki Ota is the current CEO of 24m Technologies.
24m Technologies is a funded company, having raised a total of $222.3M across 11 funding rounds to date.
As of Dec 31, 2022, the latest employee count at 24m Technologies is 147.
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.
24m Technologies's top competitors include Farasis Energy, InoBat and Nyobolt.
24m Technologies offers Impervio Separator, 24M ETOP Pack Design, Eternalyte Electrolyte, LiForever Electrode, and 24M Equipment.
24m Technologies has 17 investors. Key investors include Fujifilm, PTT Public Company Limited, Volkswagen Group, Kyocera, and Mitsui OSK Lines.