24-m.comEnergy / Energy StorageFounded: 2010Funding to Date: $511.65MM
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.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
09/05/2024 | Series H | $87MM | $xx.xx | $1.3B | Nuovo+, Kyocera Corporation, ASAHI Kasei, Dai Nippon Printing, Lucas TVS, Mitsui O.S.K. Lines | |
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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Nuovo+, Kyocera Corporation, ASAHI Kasei, Dai Nippon Printing, Lucas TVS, Mitsui O.S.K. Lines
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03/24/2023 | Series G | $100.52MM | $xx.xx | $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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
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12/21/2021 | Series F | $166.67MM | $xx.xx | $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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Volkswagen
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05/17/2021 | Series E | $66.77MM | $xx.xx | $128.69MM | ITOCHU, Fujifilm, Mirai Creation Fund II, Kyocera Corporation, Global Power Synergy Public Company, 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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
ITOCHU, Fujifilm, Mirai Creation Fund II, Kyocera Corporation, Global Power Synergy Public Company, North Bridge Venture Partners
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12/17/2018 | Series D | $21.15MM | $xx.xx | $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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Kyocera Corporation, North Bridge Venture Partners
|
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06/30/2017 | Series C-1 | $13.8MM | $xx.xx | $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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
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06/30/2016 | Series C | $20.5MM | $xx.xx | $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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
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06/30/2014 | Series B-2 | $15MM | $xx.xx | $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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
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06/30/2014 | Series B | $15MM | $xx.xx | $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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
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08/16/2010 | Series A | $5.25MM | $xx.xx | $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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Charles River Ventures, North Bridge Venture Partners
|