Your Source for Venture Capital and Private Equity Financings

Venture Capital News: 24M Announces $87M Series H Round

2024-09-05
CAMBRIDGE, MA, 24M today announced it has closed an $87 million investment round.
This Series H Preferred Stock financing led by Nuovo+, a 24M strategic partner and licensee, values the company at $1.3 billion post-money.

In addition to Nuovo+, other strategic investors in this round include Kyocera Corporation, ASAHI Kasei, Dai Nippon Printing Company (DNP), Lucas TVS and Mitsui O.S.K. Lines.

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.
(c) by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000+ startups and 5,000+ VC investors