Website: [24-m.com](https://24-m.com) ### Introduction 24M Technologies, founded in 2010, is a pioneering company in the energy storage sector, headquartered in Cambridge, Massachusetts. The company was established by a team of innovators, including Yet-Ming Chiang, a renowned materials scientist and professor at MIT, alongside other battery technology experts. While exact employee numbers are not publicly disclosed in the latest data, the company operates as a mid-sized tech firm focused on revolutionizing battery manufacturing. 24M Technologies’ mission is to address the world’s growing energy demands by developing advanced, cost-effective, and sustainable battery solutions for electric vehicles (EVs), grid storage, and other applications, as highlighted on their official website ([24-m.com](https://24-m.com)). The company remains privately held, with no public ticker symbol, and has attracted significant attention from investors and industry partners due to its innovative approach to battery design. Over the past decade, 24M has positioned itself as a disruptor in the lithium-ion battery space, aiming to reduce costs and improve performance through novel manufacturing processes. ### Key Products and Technology 24M Technologies is focused on next-generation lithium-ion battery solutions, with an emphasis on simplifying production and enhancing performance. Below are details of their primary technologies: - **SemiSolid Battery Technology (Lithium-Ion Battery Platform)** - **Technical Specifications**: Specific power output or energy density figures are not fully disclosed in public sources, but recent posts on X suggest their latest designs, such as the ETOP (Electrode-to-Pack) system, can boost EV range by up to 50% without increasing battery size ([X post by Dr Singularity](https://x.com/Dr_Singularity/status/1974227387010461710)). Efficiency improvements are also a core focus. - **Fuel Type or Energy Source**: Utilizes lithium-ion chemistry with a proprietary semi-solid electrolyte design. - **Key Differentiators**: The SemiSolid platform eliminates the need for traditional binder materials and reduces manufacturing steps, cutting costs by up to 40% compared to conventional lithium-ion batteries. It also offers improved safety and scalability. - **Development Stage**: Advanced development with pilot production; the technology is moving toward commercial deployment with manufacturing partnerships in place. - **Target Customers**: EV manufacturers, grid storage providers, and industrial applications. - **ETOP (Electrode-to-Pack) Battery Design** - **Technical Specifications**: Enhances energy density to improve range, as noted in recent discussions on X ([X post by Dr Singularity](https://x.com/Dr_Singularity/status/1974227387010461710)). Exact metrics remain proprietary. - **Fuel Type or Energy Source**: Lithium-ion based, integrated into a novel pack design. - **Key Differentiators**: Focuses on maximizing energy output within existing battery footprints, reducing weight and cost for EV applications. - **Development Stage**: Recently unveiled as a breakthrough design, likely in pre-commercial testing or early adoption phase. - **Target Customers**: Primarily EV manufacturers seeking longer-range solutions. 24M’s innovations aim to disrupt the energy storage market by addressing cost, scalability, and performance challenges, positioning them as a leader in sustainable battery solutions ([The EV Report](https://theevreport.com/24m-technologies-redefines-the-future-of-ev-batteries)). ### Regulatory and Licensing Status As a battery technology company, 24M Technologies does not fall under nuclear regulatory oversight like the Nuclear Regulatory Commission (NRC). Instead, its regulatory focus involves compliance with environmental, safety, and manufacturing standards overseen by agencies such as the Environmental Protection Agency (EPA) and the Department of Energy (DOE) for energy storage solutions. There are no specific public records of regulatory milestones or hurdles directly tied to 24M’s products in the latest available data. The company’s path to commercial deployment is more tied to industry certifications, safety testing (e.g., UL standards for batteries), and partnerships for scaled production. Estimated timelines for first commercial deployment are not explicitly stated, but given recent funding and partnership announcements, large-scale rollout could be anticipated within the next 2-3 years, likely by 2027-2028, especially for EV and grid applications ([Tracxn](https://tracxn.com/d/companies/24m-technologies/__9lK9dh_XTcptiE9ARRpsjKTXj8fm3oR4v7v8INUr-SY)). ### Team and Leadership 24M Technologies boasts a leadership team with deep expertise in materials science and energy storage. Key figures include: - **Naoki Ota - CEO**: With a background in technology commercialization and energy innovation, Ota leads the company’s strategic direction toward global market expansion. - **Yet-Ming Chiang - Co-Founder and Chief Scientist**: A professor at MIT, Chiang is a pioneer in battery materials and brings decades of research to 24M’s technological advancements. - **Rick Feldt - President and COO**: Feldt oversees operations and scaling efforts, drawing on extensive experience in manufacturing and business development. Specific X handles for leadership are not verified or publicly available in the current dataset, so they are omitted here. Leadership details are sourced from the company’s profile on platforms like [Crunchbase](https://www.crunchbase.com/organization/24m-technologies). ### Funding and Financial Position 24M Technologies has secured substantial funding to support its growth. The most recent round, as of August 2025, was a Series H round raising $87 million, as reported by [SalesTools AI](https://salestools.io/en/report/24m-technologies-raises-87m-series-h). Earlier rounds, including a Series D of $21.8 million, were noted in historical data ([Energy-Storage.News](https://www.energy-storage.news/tag/24m/)). Total funding to date exceeds $200 million, though exact figures vary across sources. Key investors and strategic backers include venture capital firms and industrial partners, though specific lead investors for the latest round are not fully disclosed in public data ([Tracxn](https://tracxn.com/d/companies/24m-technologies/__9lK9dh_XTcptiE9ARRpsjKTXj8fm3oR4v7v8INUr-SY/funding-and-investors)). As a private company, market cap and stock performance are not applicable. Revenue status appears to be pre-commercial or early-stage, with focus on pilot projects and partnerships rather than large-scale sales. ### Recent News and Developments | Date | Event | Details | |----------------|-------------------------------|--------------------------------------------------------------------------------------------------| | Oct 3, 2025 | ETOP Battery Unveiled | 24M announced a breakthrough ETOP design boosting EV range by 50% without size increase ([X post by Dr Singularity](https://x.com/Dr_Singularity/status/1974227387010461710)). | | Aug 22, 2025 | Series H Funding Round | Raised $87M to advance battery technology for EVs and grid storage ([SalesTools AI](https://salestools.io/en/report/24m-technologies-raises-87m-series-h)). | | Jul 13, 2025 | Technology Profile Update | CB Insights updated 24M’s profile, highlighting focus on energy storage innovation ([CB Insights](https://www.cbinsights.com/company/24m-technologies)). | | Jan, 2025 | Industry Recognition | Continued coverage of 24M’s SemiSolid technology as a game-changer in EV battery design ([The EV Report](https://theevreport.com/24m-technologies-redefines-the-future-of-ev-batteries)). | | Dec, 2024 | Website Mission Update | 24M reiterated its mission to tackle global energy demands with innovative batteries ([24-m.com](https://24-m.com)). | ### Partnerships and Collaborations 24M Technologies has established strategic partnerships to scale its technology, though specific recent agreements are limited in public data: - **Volkswagen Group**: A notable past collaboration involved licensing 24M’s SemiSolid technology for EV battery production, providing validation and access to a major automotive market. - **Industrial Partners**: Partnerships with manufacturing firms (unnamed in recent sources) focus on scaling production capacity for grid and EV applications, adding strategic value through supply chain integration. These collaborations underscore 24M’s focus on bridging technology development with commercial deployment, particularly in the EV sector ([Crunchbase](https://www.crunchbase.com/organization/24m-technologies)). ### New Hampshire Relevance 24M Technologies’ energy storage solutions could have potential relevance for [[New Hampshire]], though no direct connections or expressed interest in the state are evident in current data. Assessing fit for NH includes: - **Proximity to Infrastructure**: NH’s grid, managed under ISO-NE, and proximity to [[Seabrook Station]] (a nuclear power plant) could benefit from grid-scale storage to balance renewable integration and peak demand. 24M’s solutions could stabilize the regional grid. - **Technology Readiness**: With products in advanced development, 24M’s timeline aligns with potential NH deployment needs by the late 2020s, though commercial scaling is still underway. - **Legislative Alignment**: NH’s HB 710 and interest in clean energy technologies could support battery storage adoption, especially for grid reliability and renewable energy pairing. - **Applications**: Potential uses include grid power storage near Seabrook, supporting data center loads in the region, or industrial applications requiring stable energy. - **NH Connections**: No specific ties to NH or the Northeast US are documented in recent sources, though 24M’s Massachusetts headquarters suggests regional familiarity. 24M’s technology could be a future asset for NH’s energy goals, pending further commercial validation and local partnerships. ### Competitive Position 24M Technologies operates in a competitive energy storage market, facing rivals like: - **Tesla, Inc.**: Known for high-energy-density lithium-ion batteries and vertical integration, Tesla dominates EV and grid storage markets. 24M’s cost-reduction focus via SemiSolid technology offers a potential edge, though Tesla’s scale is a challenge. - **CATL (Contemporary Amperex Technology Co. Limited)**: The world’s largest battery manufacturer, CATL leads in production volume and innovation (e.g., “brick” batteries noted on X). 24M’s niche in manufacturing efficiency could differentiate it, but CATL’s market share poses a risk. - **Solid Power**: Focused on solid-state batteries, Solid Power targets similar EV markets. 24M’s semi-solid approach may offer faster scalability, though solid-state tech could outpace in long-term energy density. 24M’s unique manufacturing process and cost advantages position it well, but it faces risks from larger, established players and alternative battery chemistries. ### Closing Note 24M Technologies is at an advanced development stage with promising battery innovations, a strong funding trajectory, and a positive outlook for commercial impact in the EV and grid storage markets by the late 2020s. *Report generated December 24, 2025*