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Secondary marketplace / Explore private companies / 24M IPO
24M

24M IPO

$1.3B
Series H Valuation, Sep 2024
Unicorn
Buy And Sell 24M StockLearn More About 24M StockAdd To Watchlist
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24M IPO date and status

2010
Founded
IPO Mentioned
Confidential Filing
S-1 Filed
IPO

Company details

24M is an energy storage company which offers advanced battery technology to manufacturers and energy companies. This company was founded by Throop Wilder, Yet-Ming Chiang Ph.D, and W. Craig Carter Ph.D in 2010 and is headquartered in Cambridge, MA. 24M’s platform is built on semi-solid lithium-ion technology, designed to improve energy density, reduce costs, and enhance the safety of batteries. The company aims to help clients deploy more efficient, cost-effective energy storage solutions for renewable energy applications.
24-m.com
Sector
Energy
Subsector
Energy Storage
Founded
2010
Headquarters
Cambridge, MA, United States
Forge Price 1
Price not yet available
Market Activity 2
Limited
Last Matched Price
Get Full Access
Post-Money Valuation 3
$1.3B
Total Funding
$936.3MM
Last Funding Round
Series H

Learn more about 24M

To invest in 24M pre-IPO

Can you invest in 24M pre-IPO?

24M is privately held and not traded on public markets, so pre-IPO investments are available only to accredited investors.

If you’re already accredited and have completed Forge’s verification, you can visit our marketplace to review and invest in private companies ahead of an IPO.

If you haven’t yet completed your accredited investor verification with Forge, you can start that process now to unlock access to new private-company offerings.

For more on who qualifies—and how to get verified—see our blog “Accredited investors, qualified clients and qualified purchasers: Who can invest?”

Can you sell shares of 24M before it goes public?

Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while 24M is still private. If you’re considering selling, you can register today for free to get started. Once registered, you can evaluate pricing insights and market activity to inform your decision, then post your shares for sale and set the terms, like quantity and price—all directly through our platform.

If you’d like additional guidance at any point, Forge private market specialists are available to help. For a step-by-step overview, check out our seller’s guide.

What is the pre-IPO value of my 24M shares?

To explore the value of your 24M shares, create a free account to access Forge’s marketplace. Once inside, you’ll find several pricing insights to help guide your decision—these include historical transaction data, a live order book showing current buy and sell interest, and Forge Price™, a derived, indicative price based on recent transactions, investor activity, and other relevant market data.

These insights can help you determine a price you’re comfortable with if you choose to sell your shares. If you’d like additional guidance along the way, Forge private market specialists are available to help. You can also review our seller’s guide for a step-by-step overview.

Is 24M a publicly traded company?

24M is a private company and not publicly traded.

If you’re interested in buying or selling shares in private companies, you can register with Forge today for free to explore available opportunities. Once registered, you’ll gain access to our marketplace, where you can view active buy and sell interest, evaluate pricing signals and take action directly through the platform.

To learn more about 24M potential IPO

Will 24M go IPO?

24M has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.

What is 24M’s IPO price?

The 24M IPO price does not exist at this time, as 24M is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to 24M, register for Forge today.

When was 24M founded?

24M was founded in 2010.

What is 24M funding to date?

24M has raised $936.3MM to date.

24M major investors

Arpa-E
Asahi Kasei
Dai Nippon Printing
Freyr Battery
Lucas-TVS
Mitsui O.S.K. Lines
Nuovo+
SPARX Group Company
Shumway Capital
Signet Healthcare Partners
Stex25
Show All InvestorsShow Fewer Investors

24M pre-IPO valuation and funding rounds

Funding history chart
Funding round and deals details
Funding Date Round Amount Raised Price per Share Post-Money Valuation 3 Key Investors
09/05/2024 Series H $87MM $4.09 $1.3B Asahi Kasei, Dai Nippon Printing, Kyocera Corporation, Lucas TVS, Mitsui O.S.K. Lines, Nuovo+
Price per Share
$ xx.xx
Shares Outstanding
21,249,573
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Asahi Kasei, Dai Nippon Printing, Kyocera Corporation, Lucas TVS, Mitsui O.S.K. Lines, Nuovo+
03/24/2023 Series G $100.52MM $3.08 $1.06B Undisclosed Investors
Price per Share
$ xx.xx
Shares Outstanding
32,612,384
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
12/21/2021 Series F $166.67MM $2.57 $721.43MM Volkswagen
Price per Share
$ xx.xx
Shares Outstanding
64,888,845
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Volkswagen
05/17/2021 Series E $66.77MM $0.68 $128.69MM Fujifilm, Global Power Synergy Public Company, Itochu, Kyocera Corporation, Mirai Creation Fund Ii, North Bridge Venture Partners
Price per Share
$ xx.xx
Shares Outstanding
98,629,139
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fujifilm, Global Power Synergy Public Company, Itochu, Kyocera Corporation, Mirai Creation Fund Ii, North Bridge Venture Partners
12/17/2018 Series D $21.15MM $0.69 $61.19MM Kyocera Corporation, North Bridge Venture Partners
Price per Share
$ xx.xx
Shares Outstanding
30,783,277
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Kyocera Corporation, North Bridge Venture Partners
06/30/2017 Series C-1 $13.8MM $2.76 $104.23MM Undisclosed Investors
Price per Share
$ xx.xx
Shares Outstanding
5,000,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
0.7x
Conversion Ratio
2.1x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
06/30/2016 Series C $20.5MM $3.70 $118.8MM Undisclosed Investors
Price per Share
$ xx.xx
Shares Outstanding
5,539,525
Liquidation Pref Order
2
Liquidation Pref As Multiplier
0.7x
Conversion Ratio
2.4x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
06/30/2014 Series B-2 $15MM $3.53 $95.07MM Undisclosed Investors
Price per Share
$ xx.xx
Shares Outstanding
4,249,291
Liquidation Pref Order
3
Liquidation Pref As Multiplier
0.7x
Conversion Ratio
2.3x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
06/30/2014 Series B $15MM $3.53 $77.78MM Undisclosed Investors
Price per Share
$ xx.xx
Shares Outstanding
4,249,291
Liquidation Pref Order
3
Liquidation Pref As Multiplier
0.7x
Conversion Ratio
2.3x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
08/16/2010 Series A $5.25MM $1.45 $21MM Charles River Ventures, North Bridge Venture Partners
Price per Share
$ xx.xx
Shares Outstanding
3,620,690
Liquidation Pref Order
3
Liquidation Pref As Multiplier
0.7x
Conversion Ratio
1.6x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Charles River Ventures, North Bridge Venture Partners

24M IPO news and media highlights

FinSMEs 09/06/2024

24M Raises $87M in Series H Funding

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.
ETN News 10/30/2023

24M Technologies presents Electrode-to-Pack battery system for EVs, ESS

Battery firm 24M Technologies is showcasing its "Electrode-to-Pack" (ETOP) system at the 2023 Japan Mobility Show. The ETOP system features electrodes packaged directly into the battery pack, eliminating the need for individual cells and modules. The company claims this innovative technology, enabled by the 24M Unit Cell design, will deliver unmatched energy density and significantly reduce costs.
Tech Briefs 03/01/2023

Simplifying the Production of Lithium-ion Batteries

Battery firm 24M Technologies is showcasing its "Electrode-to-Pack" (ETOP) system at the 2023 Japan Mobility Show. The ETOP system features electrodes packaged directly into the battery pack, eliminating the need for individual cells and modules. The company claims this innovative technology, enabled by the 24M Unit Cell design, will deliver unmatched energy density and significantly reduce costs.
Nikkei Asia 02/27/2023

'Semisolid' batteries charged up for mass market

Japanese manufacturer Kyocera has ramped up mass production of semisolid batteries known for their safety, longevity, and lower environmental impact. Currently, Kyocera's production capacity is around 200 megawatt-hours per year, equivalent to 20,000 residential energy storage systems, and is operating at about half capacity.
Browse More Insights

Private companies exploring an IPO

See which private companies are preparing for the public market. Register to get full access to the latest secondary market pricing data.

Sector: Energy
Subsector: Energy Storage
Trade Metrics Last Funding Round
Company Forge Price Last Matched Round Post-Money Valuation 3 Price Per Share Amount Raised
Fervo EnergyFervo EnergyNot available$ xx.xxSeries E-1$2.86B$8.17$443.98MM
Sion PowerSion PowerNot available$ xx.xxSeries A-2$425.6MM$1.42$62.5MM
See Tech IPO Calendar

Private market movers

Track trading activity and investor momentum across thousands of private companies. Register to view last matched prices and additional transactional details.

Actively traded

Company Forge Price Market Activity Last Matched
Anthropic Anthropic $259.14 -$13.84 (5.07%)High $xxx.xx
OpenAI OpenAI $723.12 +$0.12 (0.02%)High $xxx.xx
SpaceX SpaceX $550.00 +$102.77 (22.98%)High $xxx.xx
Anduril Anduril $114.78 +$9.78 (9.31%)High $xxx.xx
Databricks Databricks $197.72 +$0.06 (0.03%)High $xxx.xx
See All Actively Traded Companies

Artificial Intelligence (AI)

Company Forge Price Market Activity Last Matched
Anthropic Anthropic $259.14 -$13.84 (5.07%)High $xxx.xx
OpenAI OpenAI $723.12 +$0.12 (0.02%)High $xxx.xx
Anduril Anduril $114.78 +$9.78 (9.31%)High $xxx.xx
Databricks Databricks $197.72 +$0.06 (0.03%)High $xxx.xx
SambaNova Systems SambaNova Systems $14.74 -$1.36 (8.45%)Medium $xxx.xx
See All AI Companies

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Updated on: Jul 15, 2025

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