24M Stock

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.

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Private Market Pricing DetailsValuation & Financings

24M Stock Price

Forge Price 1
Price not yet available
Last Closed Trade 2
Close Date
xx/xx/xx
Last Closed Trade Price
$xx.xx
Last Funding Round (LFR)
Date
xx/xx/xx
Price per Share
$xx.xx

24M Funding Rounds and Valuation

Funding History Chart
Funding Round Details
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
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
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
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
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
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
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
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
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
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

24M investors also invested in these private companies

North Bridge Venture Partners
Freyr Battery
Stex25
Dai Nippon Printing
SPARX Group Company
Lucas TVS
Nuovo+
Global Power Synergy Public Company
Mitsui O.S.K. Lines
Signet Healthcare Partners
Lucas-TVS
Kyocera Corporation
Shumway Capital
Mirai Creation Fund Ii
Charles River Ventures

Leadership & Board

Leadership

Throop Wilder
Co-Founder
Yet-Ming Chiang Ph.D
Co-Founder & Chief Scientist
Naoki Ota
President & Chief Executive Officer
Richard Chleboski
Chief Financial Officer
Ray Zagars
Process Engineering Fellow
Hiroyuki Yumoto
Senior Vice President of Product and Development
PangHoo Tan
Vice President of Business Development
Tim Rineck
Vice President of Global Operations
Junzheng Chen
Vice President of Advanced Research and Development
Mark Dudziak
Director of Advanced Manufacturing
Chad Hartzog
Director of Pack Development

Board

Jeffrey McCarthy
North Bridge Venture Partners
Hiroaki Murase
Itochu

24M stock FAQs

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Can you buy 24M stock?

As 24M is not publicly traded, purchasing its stock is not available to everyone. To buy the stock of a private companies like 24M, you must be an accredited investor. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to buy private market stock. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.
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How to buy 24M stock?

To invest in a private company like 24M through Forge, you must first qualify as an accredited investor. (Learn more about the accreditation process.)

  1. Create a free account to access Forge’s marketplace.
  2. Express your interest in specific investments. Within Forge Markets, you will find detailed pricing and financing information for thousands of private companies.
  3. Throughout this process, a dedicated Forge Private Market Specialist will be available to address any questions you may have and to guide you seamlessly through each step of the transaction.
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Can you sell 24M stock?

Yes, you may sell the 24M stock you currently own. Forge can help you facilitate the sale of your stock in a manner that aligns with your needs and the company’s interests. If you are looking for liquidity, register with us today to begin the process. A dedicated Forge Private Market Specialist will be available to address any questions you may have along the way.
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How to sell 24M stock?

If you hold private company shares of 24M – whether as an employee or an early investor – Forge can help you sell them.

  1. Create a free Forge account, this will give you access to Forge’s marketplace and to one of our experienced Private Market Specialist to answer any questions you might have.
  2. Indicate your interest to sell your 24M on our platform.
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Is 24M a public company?

No, 24M is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.
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What is 24M’s stock price?

24M is a privately held company and therefore does not have a public stock price. However, you may access 24M private market stock price with Forge Data.
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What is 24M’s stock ticker symbol?

24M does not have an official ticker symbol because this company is not currently publicly traded.
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Can institutional investors buy and sell private market stocks?

Yes. As one of the largest trading platform for the private market, Forge helps institutional investors seek liquidity as they buy and sell private stock for their portfolios or their clients. Our private market specialists have decades of experience working with institutional firms. Learn more or register today to get started.

24M’s news and media highlights

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.
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.
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.
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.
Updated on: Nov 17, 2024

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