Funding and M&A Roundup: Energy Storage Company 24M Raises $87 Million
Battery material manufacturer 6K raises $82 million in Series E funding
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24M, a manufacturer of proprietary semisolid battery cells, closed a $87 million Series H funding round, bringing its total amount raised to over $500 million. This funding will help speed up the commercialization and mass production of the company’s offerings. This Series H preferred stock financing was led by the company’s strategic partner and licensee, Nuovo+. Other strategic investors, including Kyocera Corporation, ASAHI Kasei, Dai Nippon Printing Company (DNP), Lucas TVS, and Mitsui O.S.K. Lines, also participated in this round.
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