About AM Batteries
AM Batteries is an Energy & Utilities company based in United States founded in 2016 by Heng Pan. Manufacturer of batteries. AM Batteries has raised $74.01 million across 7 funding rounds from investors including RA Capital, Asahi Kasei and Doral Energy Group. The company has 47 employees. Its chief executive, as recorded, is Lie Shi. AM Batteries offers products and services including Powder to Electrode Technology and Dry Electrostatic Spraying System. Its focus areas include Energy Tech, Energy Storage Tech, Battery and Secondary Battery. Its legal entity is AM BATTERIES INC. Its competitors include SunPower, 24m Technologies and Amprius Technologies; 3 of its 3 listed competitors have raised funding.
Company details
AM Batteries manufacturer of batteries, focusing on energy tech, energy storage tech, battery, secondary battery, and lithium ion. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters United States
- Employees 47
- Founders Heng Pan
- SectorsEnergy & Utilities
- Website am-batteries.com
- Social LinkedIn
- Legal Name Am Batteries Inc.
- Total Equity Funding$74.01M (USD)
in 7 rounds
- Latest Funding Round$200K (USD), Grant
Jul 2024
- InvestorsRA Capital
& 17 more
- Employee Count47
Products & Services of AM Batteries
AM Batteries offers a comprehensive portfolio of products and services, including Powder to Electrode Technology and Dry Electrostatic Spraying System.
Dry coating method that reduces energy use and emissions in electrode production.
System for applying dry mixed powders to substrates for efficient battery production.
Funding Insights of AM Batteries
AM Batteries has successfully raised a total of $74.01M across 7 strategic funding rounds. The most recent funding activity was a Grant round of $200 thousand completed in July 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 $74.01M
- Total Rounds 7
- Last Round Grant — $200,000
- First Round $2.4M
(Jan 2020)
- Investors Count 18
All 7 funding rounds of AM Batteries with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2024 | $200,000 | Grant | – | – | |
| Oct 2023 | $44.01M | Series B | – | Toyota Ventures | |
| Oct 2022 | $25M | Series A | – | Anzu Partners | |
| Feb 2022 | $256,000 | Grant | – | – | |
| Jan 2022 | $2M | Seed | – | – | – |
| Sep 2021 | $3M | Seed | – | TDK Ventures, Foothill Ventures | |
| Jan 2020 | $2.4M | Grant | – | – |
18 investors in total: 18 institutional.
Investors in AM Batteries
AM Batteries has secured backing from 18 investors, including institutional and venture fund investors. Prominent investors backing the company include RA Capital, Asahi Kasei and Doral Energy Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm and infrastructure firm investing in multiple sectors | toyota.ventures | Los Altos, United States | ||
Early-stage venture capital investments are provided by Porsche Ventures. | 2016 | porsche.ventures | Luxembourg, Luxembourg | |
Investments in private tech ecosystem are made by Industry Ventures. | industryventures.com | San Francisco, United States | ||
Investments are made in industrial and life sciences technology companies. | anzupartners.com | Washington, Dc, United States | ||
Early-stage tech startups are invested in globally by TDK Ventures. | tdk-ventures.com | San Jose, United States | ||
Creative Ventures is focused on deep tech venture investments. | creativeventures.vc | San Francisco Bay Area, United States | ||
Venture capital fund focused on pre-seed tech startups | foothill.ventures | Los Altos, United States | ||
ZEON Ventures is involved in unspecified business activities. | zeon.ventures | |||
Venture capital firm focused on big data, IoT, and human machine | saicvc.com | Menlo Park, United States |
Investor details for AM Batteries
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of AM Batteries
23 people are tracked at AM Batteries (10 in leadership, 2 in board & advisors, 11 in team); the tracked headcount is 47.
| Name | Role | Group |
|---|---|---|
Heng Pan | Co-Founder | Leadership |
Anil Achyuta | Managing Director | Leadership |
Lie Shi | CEO | Leadership |
Omri Flaisher | Director of Engineering | Leadership |
Charles A Garris III | Vice President Of Engineering & Operations | Leadership |
Yan Wang | Co-Founder & President | Leadership |
Jay Shi | CTO | Leadership |
Katherine MacKland-Rivera | Senior Director Human Resources | Leadership |
Christopher Mohajer | Business Development Director | Leadership |
Brandon Ludwig | Director, Research & Development | Leadership |
Jimmy Kan | Board Member | Board & advisors |
Eric Rosenblum | Board Member | Board & advisors |
Stuart Hudelson | Senior Process Development Engineer | Team |
Jonah D'Alessandro | Process Development Engineer | Team |
Ryan Josselyn | Process Development Engineering Lead | Team |
Andrew Lecroy | Senior Automation And Integration Engineer | Team |
Peter Dimaggio | Manager Of Equipment Engineering | Team |
Ian Kinney | Senior Powder Process Engineer | Team |
Terri Sacco | Project Management Lead | Team |
Chinmoy Podder | Senior Development Engineer | Team |
3 more people are available in the full profile.
Complete people profiles for AM Batteries
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Timeline of AM Batteries
3 dated milestones of AM Batteries across 8 years, from founding to its latest funding, stage changes and deals.
- Founded AM Batteries is founded.
- Funding First funding round of $2.4M.
- Funding Latest funding round, Grant, of $200K.
Competitors of AM Batteries
AM Batteries has 3 listed competitors in our database, 3 of them funded. They include SunPower, 24m Technologies and Amprius Technologies.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sunpower.com | 1985 | San Jose, United States | $171.73M | 1,889 | Silicon-based solar PV modules are manufactured for diverse applications. | |
| 24-m.com | 2010 | Cambridge, United States | $500M | 147 | Semi-solid lithium-ion batteries are developed to address manufacturing issues. | |
| amprius.com | 2009 | Fremont, United States | $55M | 64 | Silicon nanowire-based Li-Ion batteries are developed for high energy density. |
Detailed competitors of AM Batteries
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
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Verified entity values are shown only after access is granted.
Web traffic of AM Batteries
The website of AM Batteries (am-batteries.com) receives about 1.5K visits a month.
- Monthly visits1.5K
▲ 15.6% vs previous month
Top companies in Energy Storage Systems
3 companies that operate in the same segment as AM Batteries (Energy Storage Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | 902 |
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Related news about Am Batteries
Complete news archive for AM Batteries
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Frequently Asked Questions about AM Batteries
AM Batteries was founded in 2016 and raised its 1st funding round 4 years after it was founded.
AM Batteries is headquartered in United States.
Lie Shi is the CEO of AM Batteries, as recorded in our data.
AM Batteries is a funded company, having raised a total of $74.01M across 7 funding rounds to date. The company's 1st funding round was a Grant of $2.4M, raised on Jan 2020.
AM Batteries has 47 employees.
AM Batteries manufacturer of batteries, focusing on energy tech, energy storage tech, battery, secondary battery, and lithium ion. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
AM Batteries's top competitors include SunPower, 24m Technologies and Amprius Technologies.
AM Batteries offers Powder to Electrode Technology and Dry Electrostatic Spraying System.
AM Batteries has 18 investors. Key investors include RA Capital, Asahi Kasei, Doral Energy Group, USCAR, and OSTI.GOV.
AM Batteries operates through Am Batteries Inc..