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24M Technologies
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Short description

Developer of advanced lithium ion and flow battery designs for grid-scale and EV applications

Founded in 2010
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector energy storage

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Cambridge, MA Cambridge, United States
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Updated by Cleantech Group on 10/30/2024

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Date Company
Partnerships
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Date Partner Type
12/03/2024
Kyocera Kyocera
Partnership to double production capacity of 24M residential energy storage batteries.
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Confirmed by Kyocera
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IPO INFORMATION

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Date Investors Type Amount
09/06/2024 Nuovo Plus Nuovo Plus , Kyocera Kyocera , Asahi Kasei Asahi Kasei , Dai Nippon Printing Company (DNP) Dai Nippon Printing Company (DNP) , Lucas TVS Lucas TVS , Mitsui O.S.K Lines Mitsui O.S.K Lines (6)
Post-money valuation of $1.3B
Funding will be used for the commercialization and mass production of its offerings.
Growth Equity $87,000,000
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24M Impervio

24M ImpervioTM is a battery separator that obstructs metallic dendrite formation and measures battery performance thereby enabling early fault detection in lithium batteries.

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