24M Technologies
- Company typePrivate
- Founded2010
- HeadquartersCambridge, United States
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
24M Technologies firmographics
Firmographics- Name
- 24M Technologies
- Legal name
- 24M Technologies, Inc.
- Website
- https://24-m.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
24M Technologies industry classification
Industry- Product category
- Battery Technology and Manufacturing Platforms
- NAICS
- Battery Manufacturing (33591), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Electrical Equipment Manufacturing (3353)
- SIC
- Electrical Industrial Apparatus (3620), Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- Battery Pack Manufacturing & Module Assembly (EUAFABAI)
- akta.pro secondary industries
- Battery Pack & Module Manufacturing (EV) (IMACACAA), Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Battery Management Systems (BMS) & Pack Electronics Manufacturing (EUAFABAJ), Automotive Batteries & 12V/Low-Voltage Energy Storage Manufacturing (IMACAJAJ)
Keywords
Where 24M Technologies is headquartered
LocationHeadquarters
- HQ city
- Cambridge
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
24M Technologies business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure, Supply Chain
Revenue model
- Technology Licensing and IP Licensing: 24M licenses its battery technology portfolio (SemiSolid, ETOP, Impervio, Eternalyte, LiForever) to battery manufacturers and technology companies. Kyocera is a key licensee, commercializing the SemiSolid platform in the Enerezza residential energy storage system. Revenue is generated through licensing fees, royalty payments, and technology deployment fees.
- Government and Consortium Contracts: 24M receives direct contracts from government entities and industry consortia, including a $3.8M contract from USABC (United States Advanced Battery Consortium) and $3.2M in ARPA-E funding from the U.S. Department of Energy for developing more efficient EV batteries.
- Strategic Investment and Equity: Volkswagen Group invested hundreds of millions of USD in 24M and acquired a 25% stake. The company raised $87M in Series H Preferred financing, valuing it at $1.3B post-money. Nuovo+ invested $51.1M through preferred stock. Total funding exceeds $500M.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
24M Technologies product offering
Product offeringCore offering
24M Technologies develops and licenses a proprietary suite of battery technologies and manufacturing platforms, including the SemiSolid electrode manufacturing process, Impervio separator, Eternalyte electrolyte, LiForever binder-less electrode and direct recycling technology, and 24M ETOP electrode-to-pack integration platform. The company licenses these technologies to battery manufacturers and automotive OEMs (e.g., Kyocera for residential energy storage), ships commercial-sized prototypes with Impervio and Eternalyte to global automotive OEMs, and sells SemiSolid manufacturing equipment.
Product overview
24M Technologies offers a comprehensive suite of battery technologies and manufacturing platforms for EVs, eVTOL, energy storage systems (ESS), and consumer electronics. The portfolio is built around the SemiSolid manufacturing platform as the core technology, combined with modular add-on products including Impervio (separator for dendrite prevention and fire safety), Eternalyte (electrolyte for fast charging and cold weather performance), LiForever (binder-less electrodes and direct recycling), and 24M ETOP (electrode-to-pack integration for maximum energy density). These technologies can be used independently or combined synergistically - for example, ETOP with Impervio and Eternalyte together enable cost-effective, safe 1,000-mile-per-charge battery packs.
Differentiator
Problem solved
Functional benefit
Brands
- 24M SemiSolid: A revolutionary battery manufacturing and product design technology platform using clay-type electrode manufacturing process
- 24M ETOP
- Impervio
- Eternalyte
- LiForever
Products and services
- 24M SemiSolid Platform Core manufacturing platform using a clay-type electrode manufacturing process that eliminates binders and roughly half the steps of conventional lithium-ion battery production, reducing manufacturing costs and improving safety and performance for licensees such as Kyocera.
- Impervio Separator Proprietary battery separator technology that blocks metallic and lithium dendrite formation, corrects electrode misalignments, and enables early fault detection to shut down cells before thermal runaway occurs; works with lithium-ion, lithium-metal, and SemiSolid cells.
- 24M ETOP (Electrode-to-Pack) Battery pack design that integrates electrodes directly into the battery pack, eliminating cells and modules and enabling up to 80% electrode content in the pack (vs. 30-60% in conventional designs) for up to 50% more EV range and 40% better packing efficiency.
- Eternalyte Electrolyte Next-generation liquid electrolyte with up to three times the ionic conductivity of standard electrolytes (~26mS/cm at 25°C) enabling ultra-fast charging (~200 miles of EV range in under 4 minutes), 80%+ capacity retention at -20°C, and improved cycle life for lithium-metal and silicon/graphite batteries.
- LiForever Electrode Binder-less electrode manufacturing and direct-material recycling technology that enables up to 98% of battery materials (including LFP, graphite, NMC, and NCA) to be recovered and reused without creating black mass waste, supporting low-cost cleaning and re-lithiation.
- 24M Equipment
Quantifiable outcome
- Up to 50% more EV range using the same pack size through 24M ETOP (electrodes comprise 80% of pack volume vs. 30-60% in conventional packs)
- +6 more outcomes
Companies that use 24M Technologies
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
24M Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
24M Technologies partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- Transcend AirminorCollaboration with Transcend Air to demonstrate advanced battery innovations for drones and UAVs. At the U.S. DCMA Game of Drones event in January 2026, 24M demonstrated aviation-grade batteries that doubled drone endurance.
- USABC (United States Advanced Battery Consortium)minor24M was awarded a $3.8 million contract from USABC for battery technology development. USABC is a collaboration between the U.S. Department of Energy, Fiat Chrysler, Ford, and General Motors to develop advanced vehicle batteries.
- Volkswagen Group (VWAG)coreVolkswagen Group entered a strategic partnership with 24M, investing hundreds of millions of USD and acquiring a 25% stake. VWAG established a subsidiary to develop SemiSolid battery technology for automotive use, with a board member appointed to 24M's board. The partnership aimed to reduce battery costs and expand EV adoption. VWAG investment language is primarily strategic rather than purely financial given the board seat and subsidiary formation.
- Kyocera CorporationcoreKyocera is 24M's first technology license and joint development partner, having commercialized the 24M SemiSolid electrode process with the launch of Enerezza — the world's first SemiSolid battery residential energy storage system — in 2020. Kyocera is doubling production capacity to 400 MWh by FY2026 with a JPY 10 billion investment. Kyocera also participated as an investor in 24M's Series H.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
24M Technologies competitors and assessment
Company assessmentBroad incumbents
- LG Energy Solution: South Korean global incumbent battery manufacturer serving automotive, ESS, and consumer electronics. Comparable to 24M as a broad lithium-ion battery producer and a likely competitor/licensing partner for next-gen chemistries.
- CATL: Chinese global leader in lithium-ion battery manufacturing for EVs and ESS. Comparable to 24M as a dominant battery technology incumbent whose scale and pricing power set the bar 24M's licensing economics must beat.
Direct peers
- QuantumScape: US-based developer of solid-state lithium-metal battery cells targeting automotive OEMs. Directly comparable to 24M in next-generation battery chemistry, automotive focus, and pre-revenue licensing/JDA business model.
- Microvast: US-based vertically integrated lithium-ion battery manufacturer serving commercial vehicles and ESS. Comparable to 24M in commercial vehicle and ESS battery focus with proprietary cell technology.
- Solid Power: US-based developer of sulfide-based solid-state batteries with BMW and SK On as partners. Comparable to 24M in automotive-focused next-gen battery technology licensing and pilot-scale manufacturing strategy.
- Enovix: US-based developer of 3D silicon-anode lithium-ion batteries for consumer electronics and EVs. Comparable to 24M as a next-gen battery architecture company with licensing and consumer electronics applications.
- Factorial Energy: US-based developer of quasi-solid-state lithium-metal battery cells with Mercedes-Benz, Stellantis, and Hyundai/Kia partnerships. Comparable to 24M in automotive-focused next-gen battery technology and OEM licensing model.
- SES AI: US-based developer of hybrid lithium-metal batteries with automotive OEM JVs (Honda, GM, Hyundai). Comparable to 24M in lithium-metal cell development for EV applications and pre-commercial B2B licensing model.
- Sila Nanotechnologies: US-based developer of silicon-anode battery materials (drop-in replacement for graphite). Comparable to 24M as a materials-focused next-gen battery IP licensor partnering with automotive OEMs and consumer electronics.
- Amprius Technologies: US-based manufacturer of silicon-anode lithium-ion batteries for aviation, defense, and EVs. Comparable to 24M in advanced battery chemistry focus and pilot-scale manufacturing serving aviation and EV markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
24M Technologies social profiles
Digital presence24M Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
24M Technologies leadership team
Management profileNumber of profiles
Profiles8 records
24M Technologies funding detail
Funding detailFunding overview
Funding rounds7 records
Investors16 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
24M Technologies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 24M Technologies
What does 24M Technologies do?
24M Technologies develops and licenses a proprietary suite of battery technologies and manufacturing platforms, including the SemiSolid electrode manufacturing process, Impervio separator, Eternalyte electrolyte, LiForever binder-less electrode and direct recycling technology, and 24M ETOP electrode-to-pack integration platform. The company licenses these technologies to battery manufacturers and automotive OEMs (e.g., Kyocera for residential energy storage), ships commercial-sized prototypes with Impervio and Eternalyte to global automotive OEMs, and sells SemiSolid manufacturing equipment.
Is 24M Technologies a public or private company?
24M Technologies is a private company. It is classified as venture growth investor backed and is currently operating.
When was 24M Technologies founded?
24M Technologies was founded in 2010. It employs 101 to 250 people.
Where is 24M Technologies based?
24M Technologies is headquartered in Cambridge, United States, in the North America region.
How does 24M Technologies make money?
Three revenue lines are on record. Technology Licensing and IP Licensing is the primary driver. The others are government and Consortium Contracts and strategic Investment and Equity.
Who are 24M Technologies's main competitors?
Broad incumbents on record are LG Energy Solution and CATL. Direct peers are QuantumScape, Microvast, Solid Power, Enovix, Factorial Energy, SES AI, Sila Nanotechnologies and Amprius Technologies.
Does 24M Technologies have an API?
No public API is recorded for 24M Technologies.
What industry is 24M Technologies in?
24M Technologies's product category is Battery Technology and Manufacturing Platforms. Its primary akta.pro industry code is EUAFABAI, Battery Pack Manufacturing & Module Assembly, with a secondary code of IMACACAA, Battery Pack & Module Manufacturing (EV). Its NAICS code is 33591 and its SIC code is 3620.