When was 24m Technologies founded?

24m Technologies was founded in 2010 and became a unicorn in 2024.

Where is 24m Technologies located?

24m Technologies is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts.

Which legal entities is 24m Technologies associated with?

24m Technologies is associated with 24M TECHNOLOGIES INC.

How many employees does 24m Technologies have?

As of Jun 30, 2026, the latest employee count at 24m Technologies is 89.

Is 24m Technologies a funded company?

24m Technologies is a funded company, having raised a total of $500M across 14 funding rounds to date. The company's 1st funding round was a $5.1M Grant (prize money) round, raised on Aug 10, 2010.

How much is 24m Technologies worth?

The latest valuation of 24m Technologies is $1.3B as of Sep 05, 2024.

When was the latest funding round of 24m Technologies?

24m Technologies' latest funding was a $10.3M Grant (prize money) round on Jun 17, 2025, with participation from 1 investor.

Is 24m Technologies a Energy Storage Tech company?

The primary sector of 24m Technologies is Energy Storage Tech.

Where does 24m Technologies rank among its competitors?

24m Technologies ranks 5th amongst 1288 active competitors, of which 132 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Emo Energy, which secured $6.2M in May, 2026.

Who are the top competitors of 24m Technologies?

24m Technologies' top competitors include QuantumScape, Amprius Technologies and Sunwoda Electronic. Among them, Emo Energy secured the most recent funding round in May, 2026.

24m Technologies - 2026 Company Profile, Team, Funding & Competitors

Sectors and market segments that 24m Technologies operate in

24m Technologies serves in the Energy Tech market segments.The primary business model of 24m Technologies is:

Energy Tech > Energy Storage Tech > ***** **** > ***** ******

Company Details

Developer of battery technology for electric vehicles and energy storage. The company provides a suite of technologies designed to improve battery performance. These technologies address challenges related to cost, safety, energy density, and cold-weather performance. The company's products can be used independently or in combination with existing battery solutions.

Website: 24-m.com
Social
Email ID: *****@24-m.com
Registered Address: Cambridge, Massachusetts

Key Metrics

Founded Year

2010

Location

Cambridge, United States

Stage

Series H

Total Funding

$500M in 14 rounds

Latest Funding Round

Grant (prize money), Jun 17, 2025, $10.3M

Post Money Valuation

$1.3B as on Sep 05, 2024

Investors

ITOCHU & 21 more

Ranked

5^th among 1288 active competitors

Employee Count

89 as on Jun 30, 2026

Similar Companies

Sunwoda Electronic & 1390 more

View 24m Technologies' full profile

24m Technologies is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
24M TECHNOLOGIES INC CIN: 272867875 , United States, Active	Dec 31, 2009	-	153 (As on Dec 31, 2024)	-

24m Technologies has raised a total funding of $500M over 14 rounds. Its first funding round was on Aug 10, 2010. Its latest funding round was a Grant (prize money) round on Jun 17, 2025 for $10.3M. 1 investor participated in its latest round. 24m Technologies has 22 institutional investors.

Here is the list of recent funding rounds of 24m Technologies:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 17, 2025	$10.3M	Grant (prize money)	-	-	-	OSTI
Mar 25, 2025	$3.2M	Grant (prize money)	-	-	-	OSTI
Sep 05, 2024	$87M	Series H	$1.3B	-	Asahi Kasei, DNP Group, Lucas TVS, Mitsui OSK Lines, Nuovo Plus	Kyocera

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View details of 24m Technologies's funding rounds and investors

The founders of 24m Technologies are Throop Wilder and Yet Ming Chiang.

Here are the details of 24m Technologies' key team members:

Throop Wilder: Former Co-Founder of 24m Technologies. They serve on the board of 1 company.
Yet Ming Chiang: Co-Founder & Chief Scientist of 24m Technologies and founder of 1 other company.
Contact Info: 1 email address

24m Technologies' Board of Directors

24m Technologies's board has 9 active members. Throop Wilder, Izhar Armony, Steven Cai, Robert Johnson, Chris Lange, Jeffrey P. McCarthy, Surong Bulakul, Jeff McCarthy and Richard Feldt are independent board members.

Here is the list of 24m Technologies' board of directors:

Name	Type	Representing	Status	Duration
Throop Wilder	Independent board member	-	Current	15y 10m
Izhar Armony	Independent board member	-	Current	15y 10m
Steven Cai	Independent board member	-	Current	7y 7m
Robert Johnson	Independent board member	-	Current	15y 10m
Chris Lange	Independent board member	-	Current	7y 7m
Jeffrey P. McCarthy	Independent board member	-	Current	15y 10m
Surong Bulakul	Independent board member	-	Current	7y 7m
Jeff McCarthy	Independent board member	-	Current	7y 7m
Richard Feldt	Independent board member	-	Current	7y 7m

View details of 24m Technologies's Founder profiles and Board Members

24m Technologies' employee count trend

24m Technologies has 89 employees as of Jun 26. Here is 24m Technologies's employee count trend over the years:

Employee count trend for 24m Technologies

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Top competitors of 24m Technologies include QuantumScape, Amprius Technologies and Sunwoda Electronic. Here is the list of Top 10 competitors of 24m Technologies, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	QuantumScape 2010, San Jose (United States), Public	Developer of solid-state lithium-metal battery technology for electric vehicle applications	$1B	Volkswagen Group, Toyota Motor & 16 others	73/100
2nd	Amprius Technologies 2009, Fremont (United States), Public	Developer of silicon nano-wire-based Li-Ion batteries	$55M	Kleiner Perkins, Airbus Official & 19 others	72/100
3rd	Sunwoda Electronic 1997, Shenzhen (China), Public	Manufacturer of lithium-ion batteries, energy storage systems, and related hardware	-	Source Code Capital, Cygnus Equity & 8 others	71/100
4th	Enovix 2006, Fremont (United States), Public	Battery cells developer for lithium-ion batteries	$220M	DCM Ventures, Sofinnova Investments & 10 others	69/100
5th	24m Technologies 2010, Cambridge (United States), Series H	Developer of battery technology for electric vehicles and energy storage	$500M	CRV, Volkswagen Group & 20 others	69/100
6th	InoBat 2019, Bratislava (Slovakia), Series B	Developer of battery solutions for energy security and sustainable e-mobility	$147M	Rio Tinto, IPM Group & 9 others	68/100
7th	Emo Energy 2022, Bengaluru (India), Series A	Provider of energy management systems integrating battery technology and charging hardware	$14.1M	Subhkam Ventures, Sat Industries & 48 others	67/100
8th	Factorial Energy 2013, Woburn (United States), Series D	Developer of sustainable solid-state batteries	$244M	Stellantis, Mercedes-Benz & 16 others	66/100
9th	ACC 2020, Bruges (France), Series D	Manufacturer of lithium-ion battery cells and modules for electric four-wheelers	$1.2B	Mercedes-Benz, Deutsche Bank & 8 others	65/100
10th	Clean Electric 2020, Pune (India), Series A	Manufacturer of battery technology for energy storage and electric vehicles	$8.35M	Kalaari Capital, pi Ventures & 20 others	65/100