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
Estimated Visibility Trend (Beta)
Simulated 8-week rolling score
Based on estimated brand signals. Historical tracking coming soon.
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
Electric Hydrogen
Electric Hydrogen is a Natick, Massachusetts-based clean energy company founded in 2020 by Raffi Garabedian (former CEO of First Solar) and David Eaglesham. The company designs and manufactures large-
Schneider Electric EcoStruxure
Schneider Electric EcoStruxure is the IoT-enabled open architecture and platform of Schneider Electric SE (EPA: SU) — the Paris-based global energy management and industrial automation company with €3
Siemens Energy
Siemens Energy AG is a Munich, Germany-based energy technology company — listed on the Frankfurt Stock Exchange (ETR: ENR), partially owned by Siemens AG (25%+ stake) following the September 2020 spin
Quanta Services
Quanta Services, Inc. is a Houston, Texas-based specialty contractor — publicly traded on the New York Stock Exchange (NYSE: PWR) as an S&P 500 Industrials component — providing comprehensive infrastr
SAP for Utilities
SAP for Utilities is SAP SE's (NYSE: SAP) industry-specific software suite for electric, gas, and water utilities — providing customer information systems (CIS), meter-to-cash billing, asset managemen
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 →