24M Technologies: Funding, Investors & Team (Oct 2026)
With the development of a semisolid lithium-ion battery cell, 24M is redefining the great challenge of energy storage and paving the way for the designers of our energy future. By making it possible for a new, more affordable lithium-ion battery that is powered by semisolid lithium-ion technology, 24M addresses the need for accessible energy storage around the world. The business overcomes the crucial, 25-year-old difficulty connected with the world's favoured type of energy storage: lowering its high cost while keeping its advantages. This is done by revolutionising both the design of the battery cell and how the batteries are created.
24M Technologies has raised $147M across 3 funding rounds on record, the most recent an undisclosed round of $87.0M announced in Sep 2024.
That round is above the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
24M Technologies Company Profile and Key Stats
Latest funding round on record: Sep 2024.
24M Technologies Funding Rounds
24M Technologies raised $56.8M in an undisclosed round announced in May 2021.
1.7 years later, an undisclosed round of $3.2M was announced in Jan 2023.
1.7 years later, an undisclosed round of $87.0M was announced in Sep 2024.
24M Technologies Founders and Leadership Team
No contact details are on record for this team yet.
24M Technologies Funding Compared to Other Energy Startups
24M Technologies' latest round of $87.0M is above the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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24M Technologies Funding FAQs
What does 24M Technologies do?
With the development of a semisolid lithium-ion battery cell, 24M is redefining the great challenge of energy storage and paving the way for the designers of our energy future. By making it possible for a new, more affordable lithium-ion battery that is powered by semisolid lithium-ion technology, 24M addresses the need for accessible energy storage around the world. The business overcomes the crucial, 25-year-old difficulty connected with the world's favoured type of energy storage: lowering its high cost while keeping its advantages. This is done by revolutionising both the design of the battery cell and how the batteries are created.
How much funding has 24M Technologies raised?
24M Technologies has raised $147M across 3 rounds on record. The most recent is an undisclosed round of $87.0M announced in Sep 2024.
When did 24M Technologies last raise funding?
24M Technologies' most recent funding round on record is an undisclosed round of $87.0M, announced in Sep 2024.
Who founded 24M Technologies?
FundedIQ lists W Craig Carter (Founder) at 24M Technologies.
Who is the CEO of 24M Technologies?
Naoki Ota is listed as CEO at 24M Technologies.
Where is 24M Technologies headquartered?
24M Technologies is based in Cambridge, Massachusetts, United States.
How many employees does 24M Technologies have?
24M Technologies is in the 101-250 employee band.
How does 24M Technologies' funding compare to other Energy startups?
24M Technologies' latest round of $87.0M is above the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's 24M Technologies Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for 24M Technologies is left off this page rather than filled in.
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