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Founded Year

2010

Stage

Series H | Alive

Total Raised

$253.83M

Valuation

$0000 

Last Raised

$87M | 20 days ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+53 points in the past 30 days

About 24M Technologies

24M Technologies is a company focused on the technology sector, specifically in the area of energy storage. The company's main offering is a revolutionary lithium-ion battery cell manufacturing process that aims to provide a simpler, more reliable, and safer production method. This technology is primarily targeted at sectors such as electric mobility, aerospace, stationary power, and lead-acid replacement. It was founded in 2010 and is based in Cambridge, Massachusetts.

Headquarters Location

130 Brookine Street

Cambridge, Massachusetts, 02139,

United States

617-553-1012

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ESPs containing 24M Technologies

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Industrials / Energy Tech

Battery anode developers are companies that specialize in the research, development, and production of materials used in the anode component of batteries. These materials are crucial in the performance and efficiency of batteries, and battery anode developers work to improve their properties and reduce costs. The market is driven by the increasing demand for batteries in various applications, incl…

24M Technologies named as Challenger among 15 other companies, including Amprius Technologies, Group14, and Novonix.

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Research containing 24M Technologies

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned 24M Technologies in 3 CB Insights research briefs, most recently on Mar 28, 2024.

Expert Collections containing 24M Technologies

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

24M Technologies is included in 4 Expert Collections, including Auto Tech.

A

Auto Tech

3,971 items

Companies working on automotive technology, which includes vehicle connectivity, autonomous driving technology, and electric vehicle technology. This includes EV manufacturers, autonomous driving developers, and companies supporting the rise of the software-defined vehicles.

U

Unicorns- Billion Dollar Startups

1,244 items

G

Grid and Utility

2,755 items

Companies that are developing and implementing new technologies to optimize the grid and utility sector. This includes, but is not limited to, distributed energy resources, infrastructure security, utility asset management, grid inspection, energy efficiency, grid storage, etc.

E

Energy Storage

5,352 items

Companies in the Energy Storage space, including those developing and manufacturing energy storage solutions such as lithium-ion batteries, solid-state batteries, and related software for battery management.

24M Technologies Patents

24M Technologies has filed 141 patents.

The 3 most popular patent topics include:

  • electrochemistry
  • fuel cells
  • lithium-ion batteries
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/15/2022

9/17/2024

Electrochemistry, Vacuum tubes, Lithium-ion batteries, Battery types, Rechargeable batteries

Grant

Application Date

6/15/2022

Grant Date

9/17/2024

Title

Related Topics

Electrochemistry, Vacuum tubes, Lithium-ion batteries, Battery types, Rechargeable batteries

Status

Grant

Latest 24M Technologies News

24M Unveils New Test Data for the 24M Impervio™ Battery Separator, Highlighting Breakthrough Innovation to Reduce Battery Fires

Sep 11, 2024

Author of the article: Article content We apologize, but this video has failed to load. Try refreshing your browser, or 24M Unveils New Test Data for the 24M Impervio™ Battery Separator, Highlighting Breakthrough Innovation to Reduce Battery Fires Back to video Demonstrates 24M’s ability to significantly improve safety and consumer confidence for batteries in electric vehicles, energy storage systems and consumer applications CAMBRIDGE, Mass. — 24M today unveiled new testing data for its transformative battery separator – Impervio™ – that addresses the growing concern of battery safety for electric vehicles (EV), energy storage systems (ESS) and consumer applications. The new data coincides with mounting concerns after recent battery fires in the United States and internationally. Advertisement 2 THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others. Daily content from Financial Times, the world's leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others. Daily content from Financial Times, the world's leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. Sign In or Create an Account Email Address Article content Impervio, announced in January 2024 , in addition to its other benefits, addresses the safety risk of overcharging. Overcharging is when a battery exceeds its safe charging threshold yet continues to charge and overheats – which has caused numerous EV fires over the past year. “Battery safety is a major roadblock to the widespread adoption of EVs. Recent EV fires around the globe have highlighted why new battery safety innovations are required,” said Naoki Ota, 24M President and CEO. “A sustainable energy future is only possible with innovations like Impervio, which can help prevent battery fires and create new opportunities for battery innovation.” Overcharging can lead to dendrite formation and an internal short, which can result in a battery fire and/or explosion. Impervio obstructs dendrite propagation, by controlling the cell at the individual electrode level, preventing dendrites from propagating and enabling early fault detection. The technology can prevent thermal runaway by monitoring the cell’s electrochemistry and enabling the implementation of a failsafe in the event of a potential short. In new testing conducted at 24M labs, the company compared performance and safety between two different battery pouch cells – a 10Ah high nickel NMC/Graphite pouch cell with an Impervio separator and another off-the-shelf nickel NMC graphite pouch cell with a conventional separator. Both cells were brought to a fully charged state and then advanced to 100% overcapacity or twice the manufacturers specified maximum voltage. The cells with Impervio demonstrated robust performance without shorting or overheating with a full hour of overcharge. In contrast, the off-the-shelf cells overheated consistently with dendrite-caused micro shorts occurring after 15 minutes of overcharging and the cell exploding into a massive fire after 38 minutes. Click here for a video of the side-by-side comparison. About 24M 24M answers the world’s need for affordable energy storage by offering a revolutionary battery manufacturing and product design technology set enabled by the 24M SemiSolid™ and Unit Cell manufacturing platform. By re-inventing today’s battery products and manufacturing methods, 24M solves the critical, decades-old challenge associated with the world’s preferred energy storage products and technologies: reducing their high cost while improving their performance, safety and recyclability. Founded and led by some of the battery industry’s foremost inventors, scientists and entrepreneurs, 24M is headquartered in Cambridge, Mass. For more information, please visit www.24-m.com . 24M® is a registered trademark of 24M Technologies, Inc. Impervio™ and 24M SemiSolid™ are pending trademarks of 24M Technologies, Inc. View source version on businesswire.com: https://www.businesswire.com/news/home/20240910403110/en/ Contacts

24M Technologies Frequently Asked Questions (FAQ)

  • When was 24M Technologies founded?

    24M Technologies was founded in 2010.

  • Where is 24M Technologies's headquarters?

    24M Technologies's headquarters is located at 130 Brookine Street, Cambridge.

  • What is 24M Technologies's latest funding round?

    24M Technologies's latest funding round is Series H.

  • How much did 24M Technologies raise?

    24M Technologies raised a total of $253.83M.

  • Who are the investors of 24M Technologies?

    Investors of 24M Technologies include KYOCERA, Mitsui O.S.K. Lines, Lucas TVS, Nuovo+, Asahi Kasei and 12 more.

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