24M Technologies Raises $87M in Series H

24M Technologies has successfully raised $87M in a Series H led by Nuovo Plus.

Company Overview

24M Technologies is a CleanTech company headquartered in Cambridge, MA, founded in 2010 with 120+ employees.

Battery technology company developing next-generation energy storage solutions for EVs and grid

Fundraising Details

• Amount Raised: $87M
• Round Type: Series H
• Date: 2025-08-22
• Investors: Nuovo Plus

About 24M Technologies

Battery technology company developing next-generation energy storage solutions for EVs and grid The company is positioned in the CleanTech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Cambridge, MA
• Founded: 2010
• Team Size: 120+
• Industry: CleanTech

What This Means

This funding round demonstrates strong investor confidence in 24M Technologies's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The CleanTech sector continues to attract significant investment as companies innovate to meet evolving market demands. 24M Technologies's successful fundraising reflects the strong fundamentals and growth potential in this space.

Looking Ahead

With this new capital, 24M Technologies is well-positioned to execute on its growth strategy and continue building innovative solutions in the CleanTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2025-08-22. For more information about 24M Technologies, visit their headquarters at Cambridge, MA.