24M, a Cambridge, MA-based battery innovations company, raised $87M in Series H funding, at $1.3 Billion valuation.
The round, which brought the total amount to $500M, was led by Nuovo+, with participation from Kyocera Corporation, ASAHI Kasei, Dai Nippon Printing Company (DNP), Lucas TVS and Mitsui O.S.K. Lines.
The company intends to use the funds to accelerate the commercialization and mass production of its offerings.
Led by CEO Naoki Ota, 24M delivers battery innovations providing battery technologies and manufacturing methods through its chemistry-agnostic battery design, process, and platform, which reduce manufacturing costs while significantly improving safety, range, cost, performance, and recyclability.
FinSMEs
06/09/2024