Company Overview
About 24M Technologies
24M Technologies is a Cambridge, Massachusetts-based battery technology company that developed SemiSolid™ — a novel electrode manufacturing process that replaces traditional solvent-based slurry coating (requiring toxic NMP chemical and energy-intensive drying ovens) with a semi-solid, binder-free paste that is directly coated and dried without solvents. The result is thicker, denser electrodes with higher energy density, lower manufacturing cost, and reduced environmental impact. The process eliminates approximately 80% of the steps in conventional lithium-ion battery manufacturing.
Business Model & Competitive Advantage
Founded as a spinout from MIT in 2010, 24M has raised over $500M in total funding. Its Series H round of $87M in September 2024 — led by Nuovo+ with participation from Kyocera, Asahi Kasei, DNP, Lucas TVS, and Mitsui O.S.K. Lines — valued the company at $1.3 billion. Licensees include Kyocera (residential energy storage in Japan, scaling to FY2026), Asahi Kasei, and automotive and industrial partners. 24M opened a 100 MWh SemiSolid manufacturing facility in Rayong, Thailand in 2024 as a commercial demonstration plant. The company was named a Fast Company World''s Most Innovative Company in 2025 and introduced Eternalyte™, a proprietary liquid electrolyte for improved cycle life.
Competitive Landscape 2025–2026
24M operates a licensing model: rather than manufacturing cells at scale itself, it licenses its SemiSolid process and manufacturing know-how to established cell manufacturers and OEMs who retrofit existing equipment or build new SemiSolid lines. This asset-light approach allows 24M to scale globally without the capital intensity of gigafactory construction. Target markets include EV batteries, grid-scale energy storage, aerospace, and stationary residential storage.
Key Differentiators
Strong Challenger
24M Technologies is an established challenger with significant market presence and competitive offerings in Climate & Energy.
Frequently Asked Questions
Similar Brands
Nanotech Energy
Nanotech Energy is a Los Angeles-based advanced materials and battery company that develops and manufactures graphene-enhanced lithium-ion batteries designed to be non-flammable, higher-performing, an
GE Vernova
GE Vernova is a Cambridge, Massachusetts-based global energy equipment and services company — publicly traded on the New York Stock Exchange (NYSE: GEV) — that emerged as an independent entity in Apri
ExxonMobil
ExxonMobil Corporation is a Spring, Texas-based integrated oil, gas, and energy company — publicly traded on the New York Stock Exchange (NYSE: XOM) as an S&P 500 Energy component and one of the world
Halliburton
Halliburton Company is a Houston, Texas-based oilfield services company — publicly traded on the New York Stock Exchange (NYSE: HAL) as an S&P 500 Energy component — providing products and services fo
Diligent ESG
Diligent is a New York-based governance, risk, and compliance (GRC) platform that has become one of the largest providers of board management and ESG software globally. The company serves over 700,000
DTE Energy
DTE Energy is Michigan's largest integrated energy company and a diversified energy holding company, founded in 1903 as Detroit Edison and headquartered in Detroit, Michigan, trading on NYSE (DTE). Th
Compare 24M Technologies with Competitors
Side-by-side AI visibility scores, platform breakdown, and market position.
Claim This Profile
Are you from 24M Technologies? Claim your profile to see full AI mention excerpts, get weekly visibility change alerts, and optimize how AI systems describe your brand.
Claim 24M Technologies Profile →Track AI Visibility in Real Time
Monitor how ChatGPT, Gemini, Perplexity, and Claude mention 24M Technologies vs competitors. Get alerts when AI recommendations shift.
Start Free Tracking →